UKOIL 8hour chart review/outlook. Broke key s/r recently
so expecting weakness next 4-8 weeks. Previously compression
intro triangle pattern and sequence of higher lows was
invalidated recently with break of 83.50 USD.
sequence of higher lows at 76.50 and 79.85, but broke
down with recent sell side pressure mounting due to
US banking crisis. Based on measured move price projection
bears will target 69.50 USD, so this is a 15% correction off
the base of the triangle patter setup.
Recommended strategy: short sell rips/rallies and exit
final TP at 69.50 on sell side.
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RISK DISCLAIMER:
Trading Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.
so expecting weakness next 4-8 weeks. Previously compression
intro triangle pattern and sequence of higher lows was
invalidated recently with break of 83.50 USD.
sequence of higher lows at 76.50 and 79.85, but broke
down with recent sell side pressure mounting due to
US banking crisis. Based on measured move price projection
bears will target 69.50 USD, so this is a 15% correction off
the base of the triangle patter setup.
Recommended strategy: short sell rips/rallies and exit
final TP at 69.50 on sell side.
🎁Please hit the like button and
🎁Leave a comment to support our team!
RISK DISCLAIMER:
Trading Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.
Note
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
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💎Syndicate Black
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📕MyFXBOOK verified 500%+ gains
💎GOLD EA target 100%+ gains/week
🚀supercharge your trading
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t.me/syndicategold001
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.