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DanjaZown
25 cze 2020 18:51

Oil looking like a pullback Short

United States Oil FundArca

Opis

Certainly with the fall two days ago a bounce could be expected but now a declining wedge appears to be forming. I have had to extrapolate the lower resistance but that's essentially what it will probably look like.
Komentarze
DanjaZown
Sorry, 19.89
DanjaZown
I've also just noticed some strong resistance from previous tops converging at about 19.50.
DanjaZown
Be careful, the 26.50 is a little abritrary. But if its making a descending wedge, it would look something like that. I should have done a fibonacci study, but so far so good.
skuma2020
I was on it, Looking for 26.50. Thank you.
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