Idea for Crude: - Oil at 40 year resistance. - Developed a Distributive UTAD pattern, which I shorted early. - The nature of this move suggests a reversal of the bullish trend.
GLHF - DPT
Nota
Look how price respects the Gann channels.
We had a 20% drop from the top, but price remains in upper quadrant of descending channel:
Must watch the switchback barrier which is gathering energy on the resistance (potentially bullish reversal) here, but it could just be a supply zone.
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.