USOIL Long Setup - Bulls seem to be exhausted.
Updated
I'm slightly bullish on this market.
Wait for today candle close. If it closed with strong bullish candle, look for opportunities to go long.
If not, wait from the major support level (44.00) which coincides with 0.618 Fibo retrace level.
The overall bigger picture is in the making of H&S pattern and will only be confirmed if the price closed decisively above 50 level.
Trade safe!!
Like it if you agree with my view.
Thank you.
Wait for today candle close. If it closed with strong bullish candle, look for opportunities to go long.
If not, wait from the major support level (44.00) which coincides with 0.618 Fibo retrace level.
The overall bigger picture is in the making of H&S pattern and will only be confirmed if the price closed decisively above 50 level.
Trade safe!!
Like it if you agree with my view.
Thank you.
Note
I mean "Bears seem to be exhausted" in title.
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.