Crude Oil weekly chart study
تم تحديثه
Crude Oil weekly chart study.
We see that the Fibonacci levels as well as the pitchfork boundary coincides and shows a strong resistance and a possible price reversal zone. RSI divergence also substantiates our bias. We will confirm the beginning of a new downtrend only after the wedge breakdown.
We see that the Fibonacci levels as well as the pitchfork boundary coincides and shows a strong resistance and a possible price reversal zone. RSI divergence also substantiates our bias. We will confirm the beginning of a new downtrend only after the wedge breakdown.
ملاحظة
Moving towards the wedge topملاحظة
Could face strong resistance hereafter (76-78)تم فتح الصفقة
Rising wedge brokenملاحظة
Massive fall since the rising wedge was broken and Crude hit the pitchfork resistance.ملاحظة
Levels to watch out for next ---> 54-52 zone and 47-49 zoneملاحظة
Crude oil currently at 54-52 zone. Expecting an intermediate bounce from here. One should avoid going long as the major trend is down. Short sellers can book profits here and wait for a bounce before taking fresh short position.ملاحظة
Crude oil closed below 200 week SMA which is a further sign of weakness.ملاحظة
.Moving exactly as expected.
Could face resistance at the pitchfork boundaries as plotted.
ملاحظة
After struggling at the pitchfork boundaries for almost a month now Crude oil is falling sharplyملاحظة
.Moving exactly as plotted.
ملاحظة
At pitchfork medianملاحظة
Moving towards the pitchfork bottom
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.