Hello traders,
USOIL on weekly chart looks like about to break through up to finish bottom sideways price action.
On 4H chart, it has just finished a leg up to break through the big triangle's pressure line and test the horizontal pressure line once.
This should be good news for buyers of USOIL this week, meaning more and more buyers could probably join the long side of USOIL.
Good luck on buying plan for USOIL this week.
LESS IS MORE!
USOIL on weekly chart looks like about to break through up to finish bottom sideways price action.
On 4H chart, it has just finished a leg up to break through the big triangle's pressure line and test the horizontal pressure line once.
This should be good news for buyers of USOIL this week, meaning more and more buyers could probably join the long side of USOIL.
Good luck on buying plan for USOIL this week.
LESS IS MORE!
Note
It is a good idea to wait for a sideways price action before breaking though price action.Note
Looks like USOIL likes breaking through first. But now it is on the EXT FIBO 1.618, not a good price position to long for short term traders.
Note
Think about corrective wave for this Friday.
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Join Free Telegram Group to get MORE trading skills: t.me/FuntraderVera
Related publications
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.