UKOIL broke through the descending channel. The price action tested the resistance zone twice, then dropped. It failed to make higher high. The market is making a pullback on the larger scale of the bearish trend . ------------------- Share your opinion in the comments and support the idea with a like. Thanks for your support!
UKOIL is trading in the descending channel. The market is pulling back on the larger scale of the bearish trend . If price make reject the resistance + upper border of the channel (trendline) then we can look for selling opportunity. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!
UKOIL broke through the descending channel. The price action is testing the resistance zone. The market is pulling back on the larger scale of the bearish trend. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!
UKOIL is trading in the descending channel. The market is heading to confluence zoen where there are resistance and global trendline. The price action has bounced off the trendline several times before. If the resistance level rejects the price, then we can look for selling opportunities. ------------------- Share your opinion in the comments and support...
UKOIL is trading in the descending channel and it made lower lows as we predicted last week. The market broke and closed below the support level , which became a resistance. Price action bounced off from the trendline. If the resistance level rejects the price, then we can look for selling opportunities. ------------------- Share your opinion in the...
UKOIL made lower lows as we predicted last week. The market broke and closed below the support level , which became a resistance. Price action's pulling back to it. If the level rejects the price and breaks through the range, then we can look for selling opportunities. ------------------- Share your opinion in the comments and support the idea with like....
UKOIL made lower lows as we predicted last week. The market broke and closed below the support level , which became a resistance. Price action pulled back to it and formed a range. If the level rejects the price and breaks through the range, then we can look for selling opportunities. ------------------- Share your opinion in the comments and support the...
UKOIL made lower lows as we predicted last week. The market broke and closed below the support level, which became a resistance. Price action pulled back to it. If the level rejects the price, then we can look for selling opportunities. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!
UKOIL reached a support zone after a sell off. The market made a false break from the accumulation zone. Bulls tried to push the price higher but failed, which means bears took control. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!
UKOIL is bearish on 4H timeframe. Price action is consolidating between 104$ - 92$ price points. If price rejects the level by creating a false break then we can look for shorting opportunity. ------------------ Share your opinion in the comments and support the idea with like. Thanks for your support!
UKOIL has attempted to break through the resistance zone roughly at $100 - 99 price level. Price action created double top and failed make a new high. We might see a sell off from psychological level of 100$. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!
UKOIL is pulling back to the resistance zone after making a shallow new low. This indicates that we might see a deeper retracement. We are considering selling at the confluent zone of 100-102, which was tested multiple times before. Look left, the structure leaves clues. ------------------- Share your opinion in the comments and support the idea with like....
Bulls have attempted multiple times to break through the resistance zone roughly at $108. The price remained below the level. We might see a sell off. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!
UKOIL has been rejected from the resistance zone at 106-107. Price action created a box; a pause before the continuation. We expect a further down move. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!
UKOIL retested the resistance zone and has been rejected. Price action could not make a new high. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!
UKOIL has reached major support zonje at psychological level $100. Price action made a false break. We are considering selling if price makes a pull back to previous resistance zone . ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!
UKOIL moved down as we predicted in the last post. Price action has created equal support levels. But the new high is lower than the previous high, meaning that the bulls are running out of steam. The market is in a consolidation phase. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!
UKOIL is testing resistance zones. A false break is going to be the perfect signal to sell. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!