Last analysis was a fail but here we are again looking for a short,
The Weekly TF Shows that an Inverted HnS is about to form so we are going to take a short position until it forms to allow a buy/long movement
D1 TF shows a great position to sell as the Oil is about to retest the resistance/neckline
Entry at 73-74 ish
TP for short term is 64 Long term is 43-44ish
SL would be the top of the neckline or as shown in chart
The Weekly TF Shows that an Inverted HnS is about to form so we are going to take a short position until it forms to allow a buy/long movement
D1 TF shows a great position to sell as the Oil is about to retest the resistance/neckline
Entry at 73-74 ish
TP for short term is 64 Long term is 43-44ish
SL would be the top of the neckline or as shown in chart
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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.