USOIL 11th APRIL 2022
This is the technical analysis of USO H4. Based on chart pattern analysis. We can find a triangle pattern with an advanced trendline for more accurate confirmation,
The direction of the trend tends to be bullish, we can take this opportunity to take a long position :
1. The price is still moving in the triangle area.
2. Moderate buy action is possible if the price breakout of the triangle resistance area.
On the other hand, there are risks that need to be considered: currently Covid cases are rise, all activities will be limited, this could make oil fall. if the oil price continues to fall it will breakout the support area.
The direction of the trend tends to be bullish, we can take this opportunity to take a long position :
1. The price is still moving in the triangle area.
2. Moderate buy action is possible if the price breakout of the triangle resistance area.
On the other hand, there are risks that need to be considered: currently Covid cases are rise, all activities will be limited, this could make oil fall. if the oil price continues to fall it will breakout the support area.
Trendline, Bollinger Bands, and Chart Pattern Analysis. Mid-Long Term Strategy. No courses or premium signals provided. Open for collabs or free analysis requests - DM anytime! :)
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Trendline, Bollinger Bands, and Chart Pattern Analysis. Mid-Long Term Strategy. No courses or premium signals provided. Open for collabs or free analysis requests - DM anytime! :)
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。