Supply zone on oil allow to have a quick overview to where price
Updated
is heading next
Hi everyone! here we got an exemple of a very nice resistance which already was rejected 3 times. each time stronger and stronger
price formed lower lows allowing to draw a trendline. we could name this pattern a megaphone, it looks like it.
price is already forming several dojis which shows the indecision for now, and stochastic is clearly oversold. it should begin to drop from here. Entering now is a good opportunity to catch a very sharp fall and having a tight SL
next target is 60, tp's are on chart.
Hi everyone! here we got an exemple of a very nice resistance which already was rejected 3 times. each time stronger and stronger
price formed lower lows allowing to draw a trendline. we could name this pattern a megaphone, it looks like it.
price is already forming several dojis which shows the indecision for now, and stochastic is clearly oversold. it should begin to drop from here. Entering now is a good opportunity to catch a very sharp fall and having a tight SL
next target is 60, tp's are on chart.
Trade active
Trade closed: stop reached
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.