Oil Topping Pattern
Atualizado
Oil is likely in a broadening pennant topping pattern. But it does NOT look complete. I believe it will hit $93.23 there abouts
before turning down strongly and for the foreseeable future. The plan is simple wait for price to hit upper blue line. Sell!
before turning down strongly and for the foreseeable future. The plan is simple wait for price to hit upper blue line. Sell!
Nota
This rally is likely over and we will not reach said target.Nota
Well it still looks to aim for 93.23, Will give this room like the SnP and wait for it.If we are keeping score that is TWO BIG WEEKLY DOJIS now. Caution here. Oil is not something special even though it thinks it is. It did the same thing in 08 while the rest of the markets tumbled, oil moved to $149. It seems that in 14 years it has learned very little.
Aviso legal
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.