Monthly Resistance Zone Rejected Once Again!
I'm expecting a HUGE DROP with USOIL. On the monthly time frame price has repeatedly RESPECTED the trendline which just so happens to line up in the same area as my resistance zone that has been rejected at least 4 times. Over the next few months, I see the market potentially going bearish near the last monthly low, 17.700-ISH.
On the other hand. this current bearish move could just be a retracement phase for price to eventually reject then continue to the upside.
*This is just my personal opinion. This is not financial advise in any shape or form as I am NO financial advisor.*
On the other hand. this current bearish move could just be a retracement phase for price to eventually reject then continue to the upside.
*This is just my personal opinion. This is not financial advise in any shape or form as I am NO financial advisor.*
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