Petrobras ($PBR) above trend-line but can we see follow through?
Hi Traders,
I am watching this market very carefully as
USOIL just entered in a bearish market. Knowing that, 
PBR will find very very hard to continue moving higher with oil prices crushing lower. Also divergence is very clear here (price action made a new high but RSI did not).
What I would love to see soon: I will wait to see how we close this week, if we close bellow 8.00, this will a great confirmation AND we will have a hanging-man candlestick pattern in the chart too (one of my favourite candlesticks).
So lets be patient and wait to see the weekly close and like I said, if it closes bellow 8.00, I will short with SL above the high with initial target at 5.00.
Thank you
I am watching this market very carefully as
USOIL just entered in a bearish market. Knowing that, PBR will find very very hard to continue moving higher with oil prices crushing lower. Also divergence is very clear here (price action made a new high but RSI did not).What I would love to see soon: I will wait to see how we close this week, if we close bellow 8.00, this will a great confirmation AND we will have a hanging-man candlestick pattern in the chart too (one of my favourite candlesticks).
So lets be patient and wait to see the weekly close and like I said, if it closes bellow 8.00, I will short with SL above the high with initial target at 5.00.
Thank you
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.