Schlumberger Corrective, Waiting for a Sell Setup
Another one on our list of us energy stocks which we think are currently in a corrective wave.
The first condition we are waiting for is the breaking down and out of the lower trend line. Once that is breached then we will be watching in lower time frames for a retest & rejection or a corrective pattern to sell from.
Once these conditions have been met we will sell short.
The first condition we are waiting for is the breaking down and out of the lower trend line. Once that is breached then we will be watching in lower time frames for a retest & rejection or a corrective pattern to sell from.
Once these conditions have been met we will sell short.
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