USOIL will correct before continuing on his way to the descending EMA.
We can see that the course has rebounded 4 times on the trend-limiting line.
However, this should not be taken as a complete bearish sign but should be perceived as a minor correction.
The RSI is oversold and has already broken the trend.
If I look at the chart structure and the stubbornness on which the course at the red EMA rebounded would be a good opportunity in a bullish engulfing long position again.
Perfect would be the situation in which the 200 EMA at the same time on the last high on the course would bounce.
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