USOIL has declined rapidly for nearly two months.
Where will the OIL go next? Let's analyze the possible case.
Case 1: the 0.618RET
The 0.618RET is at 51.6 which the demand zone locate as well.
Case 2: the double bottoms and potential bearish Gartley pattern
The market breaks down the 51.6 but rallies nearly at 42.3, then double bottom will form. If the price rallies higher, a bearish Gartley pattern will complete.
Case 3: the potential bullish AB=CD pattern
This is an extreme case.
The price breaches 42.3, then a potential bullish AB=CD pattern will form at 32.6.
Cases are above, so plan your trade when any case appears.
Where will the OIL go next? Let's analyze the possible case.
Case 1: the 0.618RET
The 0.618RET is at 51.6 which the demand zone locate as well.
Case 2: the double bottoms and potential bearish Gartley pattern
The market breaks down the 51.6 but rallies nearly at 42.3, then double bottom will form. If the price rallies higher, a bearish Gartley pattern will complete.
Case 3: the potential bullish AB=CD pattern
This is an extreme case.
The price breaches 42.3, then a potential bullish AB=CD pattern will form at 32.6.
Cases are above, so plan your trade when any case appears.
Заметка
Perfect, the 0.618RET has worked.
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Отказ от ответственности
Все виды контента, которые вы можете увидеть на TradingView, не являются финансовыми, инвестиционными, торговыми или любыми другими рекомендациями. Мы не предоставляем советы по покупке и продаже активов. Подробнее — в Условиях использования TradingView.