Trying to catch the Break of the dominant shortterm downtrend :-) RSI signs a tiny longsignal.
How do you trade it?
How do you trade it?
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Retest of the downtrendline = next action point -a desicion has to be made at that level
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Always have a look at the higher TF
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Yihaaaaaaaaaaa
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Triangle? Flag?
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Oil completely retraced down to the max Level
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seems bullish, when oil is trading above 47.4..below 47.26 oil is bearish shortterm
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No upmomentum at present..thats ugly..at the moment oil is going through the pivot supportlevel - further downwave should be exspected - could aiming 45,75
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The risk for a further downwave increases - Traing below 46,5 is fatal in this TF
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