Last week's oil just broke the weekly line, but if there is no gap up over the week, I will sell and remove.
Because I think this is a candle that pushes the price to take profit to lure buying fomo
The first target is 76, then monitor the reaction like the scenario below and then confirm.
Medium-term target is 66-49 ( All must satisfy the condition that on the first day of next week, there is no increase gap)
In case the gap increases over the week, it is possible that in the next time oil will reach 93.
--
Technically:
- Weekly frame: price hits the belly of thick clouds >> pretty good resistance
- Daily frame: the price goes all the way to 234, confirming the end of the up wave on the daily frame, the increasing wave on the daily frame is a correction to decrease in the weekly frame.
- So my medium-term oil trend is down to 4x (this is crazy right?)
Because I think this is a candle that pushes the price to take profit to lure buying fomo
The first target is 76, then monitor the reaction like the scenario below and then confirm.
Medium-term target is 66-49 ( All must satisfy the condition that on the first day of next week, there is no increase gap)
In case the gap increases over the week, it is possible that in the next time oil will reach 93.
--
Technically:
- Weekly frame: price hits the belly of thick clouds >> pretty good resistance
- Daily frame: the price goes all the way to 234, confirming the end of the up wave on the daily frame, the increasing wave on the daily frame is a correction to decrease in the weekly frame.
- So my medium-term oil trend is down to 4x (this is crazy right?)
