Mark me if I'm wrong, but this looks like a breakout for oil... Not entirely certain since USD is at 1 year lows and perhaps will reverse upwards putting pressure on commodities.
If this does correct to the green box (fib .5-.618) then I may take a long position here.
If this does correct to the green box (fib .5-.618) then I may take a long position here.
Note
still waiting till it breaks through green zone before I could say this might be short...
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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.