Highly confluent area where 50, 100 & 200 EMA's cross, ascending resistance and descending resistance meet and is also a fib 61.8% retracement level.
Be patient and wait for price to go higher and then a bear signal rejecting the ascending trendline.
Looks like a very good place to short from.
Today's US Crude inventory figures could be the catalyst to start this move.
Be patient and wait for price to go higher and then a bear signal rejecting the ascending trendline.
Looks like a very good place to short from.
Today's US Crude inventory figures could be the catalyst to start this move.
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