USOIL - IF I AM A BULL? IF I AM A BEAR?
IF I AM A BULL: Buy pullbacks as price rotates to the top of the bear channel. Targets are at the top of the bear channel or the 46.20 - 46.50 zone.
IF I AM A BEAR: Sell failures at the top of the bear channel. Price is currently at the 61.8% retracement. If price action confirms it as also possible to short at this level with targets at the low of the bear channel. You can also buy a strong break and pullback of the low of the bear channel or the 44.20 level.
As always wait for price action to confirm.
IF I AM A BEAR: Sell failures at the top of the bear channel. Price is currently at the 61.8% retracement. If price action confirms it as also possible to short at this level with targets at the low of the bear channel. You can also buy a strong break and pullback of the low of the bear channel or the 44.20 level.
As always wait for price action to confirm.
I may trade all, some or none of the ideas posted. All of my contributions are for educational purposes only. 'TRADE What You SEE'' and all the best!
