We're watching a beautiful consolidation on the daily chart. Price is coiled between $152.00 and $154.50.
This is not a time for guesswork. This is an IMMINENT BREAKOUT. This is how I’m viewing the setup for today.
• BULLISH Trigger: A 2-Up candle break above the recent high of $154.50. Target the $156.00 resistance first.
• BEARISH Trigger: A 2-Down candle break below the recent low of $152.00. Target $150.00 and the 200-day MA.
Which way does the oil giant move today?
This is not a time for guesswork. This is an IMMINENT BREAKOUT. This is how I’m viewing the setup for today.
• BULLISH Trigger: A 2-Up candle break above the recent high of $154.50. Target the $156.00 resistance first.
• BEARISH Trigger: A 2-Down candle break below the recent low of $152.00. Target $150.00 and the 200-day MA.
Which way does the oil giant move today?
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