Good morning guys !!
On USOIL the indecision phase continues, and apart from some good movement to be traded intraday, prices don't take a clear direction.
Today we focus on the H4 chart, on which we are forming an interesting configuration: a descending triangle.
This certainly doesn't help the price increase, as for the classical technical analysis this is a bearish figure.
On the chart I have indicated some important levels to be monitored in order to decide the direction of entry.
Remember to wait for clear confirmation signals, to avoid falling into the trap of false breaks.
If you like my charts, click like for support !!
Good luck and have a nice day
On USOIL the indecision phase continues, and apart from some good movement to be traded intraday, prices don't take a clear direction.
Today we focus on the H4 chart, on which we are forming an interesting configuration: a descending triangle.
This certainly doesn't help the price increase, as for the classical technical analysis this is a bearish figure.
On the chart I have indicated some important levels to be monitored in order to decide the direction of entry.
Remember to wait for clear confirmation signals, to avoid falling into the trap of false breaks.
If you like my charts, click like for support !!
Good luck and have a nice day
Comment:
Not time for long yet. Possible false break
