FAKE BREAK OUT OIL FUTURES JUNE

Hey there,

this might be a good trade, we have got a breakout- this could be a fake breakout, since declining volume, literelly no volume is on the track. This could be a short squeeze. In addition, if you invert the chart in 4H timeframe, we can clearly see an inverse Head & Shoulders, which 3rd low is forming right now, 14-18$ might be in play!
Roman

订单已取消:

Okay guys, I must admit I was wrong! The Fake Breakout was based on low Volume on Breakout as well as pretty weak RSI if you compare it to the breakout attempts before on 5th and 7th May, which were way stronger.
Never mind, as you can see markets do what they want when people in it do what they want, so this is a good example to see whether the indicators are showing goodness, anything else can happen as well, so always be careful, have a nice day - trade closed!