USOIL has been in a tightening pattern since FEB 2019 and is now nearing the end of the triangle. The momentum is on the downside and indicators or signaling that a big move is near.
I will wait for a breakout to occurs before giving an entry point, targets and stoploss. But keep an eyes on the action. I'll keep my followers updated.
Kommentera
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The RSI has broke is uptrend line and is being rejected from the retest.
looking at the volumes right now, they are really at an ATH and I don't know why.