Support trendline hit and bounce
Hi Folks:
Here's my view on the Brent Oil. The ascending channel (green) has been invalidated due to a break out and we bounced right at the support trendline of the descending channel (red), therefore we should consider taking trades at the edges of the channel.
Cheers.
UKOIL
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Remember, if you liked this idea don't forget to click LIKE and FOLLOW. That will encourage me to continue charting for you.
Here's my view on the Brent Oil. The ascending channel (green) has been invalidated due to a break out and we bounced right at the support trendline of the descending channel (red), therefore we should consider taking trades at the edges of the channel.
Cheers.
UKOIL-------------------------------------------------
Remember, if you liked this idea don't forget to click LIKE and FOLLOW. That will encourage me to continue charting for you.
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