USOIL takes a breath and continues the trend
USOIL will correct before continuing on his way to the descending EMA.
We can see that the course has rebounded 4 times on the trend-limiting line.
However, this should not be taken as a complete bearish sign but should be perceived as a minor correction.
The RSI is oversold and has already broken the trend.
If I look at the chart structure and the stubbornness on which the course at the red EMA rebounded would be a good opportunity in a bullish engulfing long position again.
Perfect would be the situation in which the 200 EMA at the same time on the last high on the course would bounce.
enjoy the way
logindaten
We can see that the course has rebounded 4 times on the trend-limiting line.
However, this should not be taken as a complete bearish sign but should be perceived as a minor correction.
The RSI is oversold and has already broken the trend.
If I look at the chart structure and the stubbornness on which the course at the red EMA rebounded would be a good opportunity in a bullish engulfing long position again.
Perfect would be the situation in which the 200 EMA at the same time on the last high on the course would bounce.
enjoy the way
logindaten
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.