Short
Structure
- To change from downtrend to sideways
Price seems to restest the resistance of this sideways zone
Expect: price pulls back to the zone
- To change from downtrend to sideways
Price seems to restest the resistance of this sideways zone
Expect: price pulls back to the zone
Note
To zoom in to a smaller TF, we have a signal to confirm the initial expectation Trade closed: stop reached
Stop loss with a small loss.There is increasing tension in the Middle East fueled a surge in oil prices.
Oil price may be gain from the news
High probability changes from a sideways to an uptrend
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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.
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.