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Ukoilsignal

DeGRAM | UKOIL continuation of trendUKOIL reached resistance, and it's pulling back from it. It is potentially printing the AB=CD pattern where the D point completes right at the fibo cluster level.   The market is trading in the ascending channel, indicating the bears are running out of steam and the bulls are in control. We anticipate the continuation of this current trend from the psychological level at 85.00 and the fibo cluster. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!
TVC:UKOILLong
by DeGRAM
5
DeGRAM | UKOIL bearish pressureUKOIL has been making lower highs and equal lows, indicating bearish pressure. Price is testing the resistance at 76.00, the fibo, and the channel's upper border, which is a dynamic resistance. The market is making a pullback on the larger scale of the bearish trend. We anticipate a pullback. The market has dropped from this level before. ------------------- Share your opinion in the comments and support the idea with a like. Thanks for your support!
TVC:UKOILShort
by DeGRAM
11
DeGRAM | UKOIL short opportunityUKOIL market shows divergence, and if the price closes below 78.00 by printing a double top , then we can look for a selling opportunity. If the price breaks and closes below the 77 support level, the market will most likely go down. We anticipate a down trade because the ascending channel is a pullback against the major bearish trend. ------------------- Share your opinion in the comments and support the idea with a like. Thanks for your support!
TVC:UKOILShort
by DeGRAM
4
DeGRAM | UKOIL breakout of the channelUKOIL broke through the rising channel , which was only a pullback in terms of the global bearish trend . The price tested, broke, and closed below the psychological level of $80.00. The oil market could retest the resistance before dropping again, even though we can see a big red candle that indicates the start of a downtrend. We anticipate a bearish continuation trade. ------------------- Share your opinion in the comments and support the idea with a like. Thanks for your support!
TVC:UKOILShort
by DeGRAM
9