MarketIntel

OIH: One Last Climb 🧗

Short
BATS:OIH   VanEck Oil Services ETF
The OIH is currently working on green wave 2, which should extend to our same-colored Target Zone (between $335.63 and $353.32). Within this range, the price should complete a reversal and then gradually trend downwards. This Zone can therefore be used to open any short trades. Stops could be placed 1% above the zone. The end of the orange wave III should only be reached below the support at $250.69.
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