Oil is now at the top of a wedge pattern on the 4H chart. Look to see how price reacts at this falling resistance. It is also close to the 127.2% extension ($47.53) of the previous swing high. The previous high of $47.72 created on September 8 could also act as resistance. Look to buy retracements but be aware of overhead resistance zones. Look for reversal patterns at these resistance levels.
I may trade all, some or none of the ideas posted. All of my contributions are for educational purposes only. 'TRADE What You SEE'' and all the best!
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I may trade all, some or none of the ideas posted. All of my contributions are for educational purposes only. 'TRADE What You SEE'' and all the best!
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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。