Petrobras ($PBR) above trend-line but can we see follow through?
Hi Traders,
I am watching this market very carefully as
USOIL just entered in a bearish market. Knowing that, 
PBR will find very very hard to continue moving higher with oil prices crushing lower. Also divergence is very clear here (price action made a new high but RSI did not).
What I would love to see soon: I will wait to see how we close this week, if we close bellow 8.00, this will a great confirmation AND we will have a hanging-man candlestick pattern in the chart too (one of my favourite candlesticks).
So lets be patient and wait to see the weekly close and like I said, if it closes bellow 8.00, I will short with SL above the high with initial target at 5.00.
Thank you
I am watching this market very carefully as
USOIL just entered in a bearish market. Knowing that, PBR will find very very hard to continue moving higher with oil prices crushing lower. Also divergence is very clear here (price action made a new high but RSI did not).What I would love to see soon: I will wait to see how we close this week, if we close bellow 8.00, this will a great confirmation AND we will have a hanging-man candlestick pattern in the chart too (one of my favourite candlesticks).
So lets be patient and wait to see the weekly close and like I said, if it closes bellow 8.00, I will short with SL above the high with initial target at 5.00.
Thank you
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إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.