Im waiting for the correction to levels 61,8% to 78,6%, 1:3 ratio on this trade make it seem like an interesting trade that im looking for, let's ride the trend!!!
USOIL price will continue droping the next week after the pullback that happend these days, we've see that price has retasted the previuos area of demand and it turned into an offer area, also we've detected a bearish diverence in RSI, so, the pullback has ended and now is the turn for the bears to take over the market.
The price of US OIL will keep going up to higher levels (resistance zone) , before that, the trend will get tested and then the support zone will push the price higher.
the price of NVDA still going up, it did not break the vwap indicator considered as support in this case, while the bears tried so hard to push the price to lower levels, the buyers resist which gave us the long lower candle's shadow on daily frame.
if any of the upcoming candles break the trend, the price will go to the test support zone (in white), if not, i ll post the second scenario that gonna take the price to higher zones, for now, keep an eyes on it, and take the sell action if the trend got broken!!!
