Double Bottom? Bullish Wedge? Long?
We exactly dipped down to the 61,8 fibo of the last upswing 38-49, which is based @ ~ 43$. Yesterday, we kised this level again and it was bought directly..
If we would trade some more days above 43$, i see the chance of a double bottom. As long as oil is trading below 43.7 $, the next round within the wedge could be initiated ( below 42.7 is high risk --> TP 41.9$).
46.54 $ is still the level to watch (see my former views) (MoB)
How do you trade this?
Best Regards Mary
If we would trade some more days above 43$, i see the chance of a double bottom. As long as oil is trading below 43.7 $, the next round within the wedge could be initiated ( below 42.7 is high risk --> TP 41.9$).
46.54 $ is still the level to watch (see my former views) (MoB)
How do you trade this?
Best Regards Mary
Commento:
classical false breakout (bull trap) - it seems as oil will test the "bottom" @ 43$ again - this is the Level to watch!
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kissing again the 61,8?
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todays high @ 46.85$ has to be overcomed for further upwaves with next tp 46,4$ - Attention! I see a shortterm bearish wedge!
Trade chiuso: obiettivo raggiunto:
Yes BABY!!!
