🛢️ USOIL support 0.618 🛢️

🛢️ USOIL support 0.618

🛢️ Nearest strong support zone: around the fibo 0.618 level of the upward wave.

🛢️ Nearest strong resistance zone: around recent peaks.

🛢️ Technical environment:

📊 Moving averages: Downtrend

📊 MACD: Downtrend

📊 RSI: Downtrend

🛢️ Price action: USOIL has started declines and found support near the 0.618 level of the upward wave. It looks like we are in for a continuation of the accumulation, so far it is impossible to talk about the start of a new downward wave. I still believe that there is a high probability of a continuation of growth.

📈 The scenario I'm playing out is a rebound from the 0.618 level and a continuation of the increases. I don't exclude the possibility of changing the scenario if the market situation changes abruptly. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully.

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