Brent Crude Oil.. have we topped?
Updated
While most folks are calling this the top we could be due one more leg higher.
As part of the wedge set up last Friday we ran up and bounced between 1.618 and 2.618 levels. Interested to see how price reacts around 0.5. We could see a rally at least back up to the broken trend line or beyond.
If we break below 47.20 I'm joining the bear camp.
As part of the wedge set up last Friday we ran up and bounced between 1.618 and 2.618 levels. Interested to see how price reacts around 0.5. We could see a rally at least back up to the broken trend line or beyond.
If we break below 47.20 I'm joining the bear camp.
Trade active
Long at 47.72, SL 47.17Note
SL moved to entryNote
Didn't trade my system and messed with SL. Paid the price as stopped at flat and rallies in my face.Note
There goes $50 !
Related publications
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.