USOIL: Oversold Momentum Peak
Updated
While holding the horizontal level the oversold Momentum Peak (2nd panel) is showing a nice spot for an entry around this price level.
Given the Candle Structure Oil might be looking quite good for some more upwards Movement.
- The deviation of the lower Band is showing a strong deviation and good "bottom" given the avg Dailyrange (14) of $1,63 the TP area could be around $45,2
Given the Candle Structure Oil might be looking quite good for some more upwards Movement.
Note
The deviation of the lower Band is showing a strong divergence*** and good bottom .... wrong spelling sorryTrade closed: stop reached
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