Here is my take on OIL at the moment.
OIL is at a critical point, where it might either break out and reach $58.60 - $58.80 before falling back to $53.30 or lower.
As it is in a diamond formation, I expect a break down to $55 area first. But as I was analyzing past patterns, when it has broken resistance at and subsequently bounced from $56.50 it tends to touch $58.50 area before falling. I see both as possible routes, but either way my end analysis is short.
OIL is at a critical point, where it might either break out and reach $58.60 - $58.80 before falling back to $53.30 or lower.
As it is in a diamond formation, I expect a break down to $55 area first. But as I was analyzing past patterns, when it has broken resistance at and subsequently bounced from $56.50 it tends to touch $58.50 area before falling. I see both as possible routes, but either way my end analysis is short.
Not
Gann Fan from June 12 shows similar levels and results
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.