Bullish Retracement Continue on USOIL.F 22nd June 2022
Last 2 day, there was a Divergence to push price to go UP
As a result, candle manage break 2 SNR at
1) 108.21
2) 108.96
And then testing higher SNR 110.81
Now candle retrace and after 4 candle, price failed to break SNR 108.96
Expectation price will go up to 112.07
However, if candle go down and break 108.21, that means Bullish retracement is over
As a result, candle manage break 2 SNR at
1) 108.21
2) 108.96
And then testing higher SNR 110.81
Now candle retrace and after 4 candle, price failed to break SNR 108.96
Expectation price will go up to 112.07
However, if candle go down and break 108.21, that means Bullish retracement is over
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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.