A quick refuel // Eventual H&S // IF=THEN ®
USOILBears trendline broken, that took us to a 50% retracement from June 2;
Recent Bulls trend also broken, also a 50% retracement from all this recent Bulls approach;
H&S formation apparently being forged; (Lets sell a necklace* or not)
Buy the breakout with expectations to go test, the already broken, bullish trendline or the resistance above;
Sell the breakout with expectations to sink at nearest support, also test recently broken bearish trendline, or to an eventual double bottom situation if the price actually decide to sink even further;
indecision period;
Safe Trades and do not forget to fill the fuel tank;
*check previous published idea:
Target?
53$
I am a financial market analyst based in Porto, Portugal. I provide market forecasts to a group of professional traders, playing a crucial role in assisting them in making well-informed decisions in the financial markets.
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