USO Recovery
Inverted H&S forming with following supporting evidence of recovery:
- Increasing volume at the apex on the right shoulder. This was when OPEC+ announced cuts to production. Scared sellers took advantage of the pump to $5.8 to unload, but momentum has stayed strong.
- This past week has seen the first strong flip from sellers to buyers being in control since the drop started in early January.
- RSI has been diverging since the start of the inverted H&S pattern.
- We have now crossed the middle BB line and we will likely start following upper BB line up.
- Increasing volume at the apex on the right shoulder. This was when OPEC+ announced cuts to production. Scared sellers took advantage of the pump to $5.8 to unload, but momentum has stayed strong.
- This past week has seen the first strong flip from sellers to buyers being in control since the drop started in early January.
- RSI has been diverging since the start of the inverted H&S pattern.
- We have now crossed the middle BB line and we will likely start following upper BB line up.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.