Check out the trade plan for USOIL today based on the technical analysis. Hope this analysis is useful, make sure to hit the thumbs and also follow my tradingview profile for future updates. Thank you!
We have got the bearish breakout confirmation on the key level highlighted and this can be probably heading back towards the support formed at the $65 area. The structure is a perfect harmonic pattern formed since the sell-off happened at $123 after the formation of double tops on the resistance.
We have got the bearish breakout confirmation on the key level highlighted and this can be probably heading back towards the support formed at the $65 area. The structure is a perfect harmonic pattern formed since the sell-off happened at $123 after the formation of double tops on the resistance.