There are few confusions with this chart but technically USOil shows us a bullish movement.
If you see the last candle was ended up as a pin bar and it has good support which is showing us a bullish signal. Look at one more thing closely (Yellow & green squares), we have got 4 bearish candles and each time we get consecutive 3 or more bearish candle price move higher from the support which you can see clearly from the Support trend line (B).
Note: Trade at your own risk and this analysis is without any fundamental.
Like & Comment on us.
Follow us on Telegram - @theturningpoint
If you see the last candle was ended up as a pin bar and it has good support which is showing us a bullish signal. Look at one more thing closely (Yellow & green squares), we have got 4 bearish candles and each time we get consecutive 3 or more bearish candle price move higher from the support which you can see clearly from the Support trend line (B).
Note: Trade at your own risk and this analysis is without any fundamental.
Like & Comment on us.
Follow us on Telegram - @theturningpoint
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.