WTI Oil (USOIL) has been trading within a Descending Triangle and following yesterday's test of its Support Zone, it is rebounding.
This Bullish Leg has already touches the 4H MA50 (blue trend-line) and based on the previous one, it should extend to at least the 0.7 Fibonacci retracement level.
This gives us a 63.80 Target before the pattern's Lower Highs trend-line is tested.
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This Bullish Leg has already touches the 4H MA50 (blue trend-line) and based on the previous one, it should extend to at least the 0.7 Fibonacci retracement level.
This gives us a 63.80 Target before the pattern's Lower Highs trend-line is tested.
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** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. **
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👑Best Signals (Forex/Crypto+70% accuracy) & Account Management (+20% profit/month on 10k accounts)
💰Free Channel t.me/tradingshotglobal
🤵Contact info@tradingshot.com t.me/tradingshot
🔥New service: next X100 crypto GEMS!
💰Free Channel t.me/tradingshotglobal
🤵Contact info@tradingshot.com t.me/tradingshot
🔥New service: next X100 crypto GEMS!
כתב ויתור
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
