$USO rising wedge on HTF Short

United States Oil FundArca

Description

⋅ 2 avr. 2019 00:29

No financial advise, always DYO Home work.

Naked charts, simple PA bearish bias on 3D:

- Rising wedge forming
- Volume dropping and price raising (no bueno)
- Gapped candles within the wedge. You know the rules: gaps must be filled
- Retesting important fractal (red box). Clean break through this fractal may invalidate current TA.
- Major liquidity pool below Lower Low ($7.67)
- I don't follow news, strictly PA. So major news releases may also invalidate current TA.

Trend Analysis Chart Patterns

Commentaires

LEVERXYZ

⋅ 1 juin 2019 22:02

Ugly, right? But don't worry, we have many gaps on the way down. Gaps alway get filled. ;)

ForecastCity

⋅ 2 avr. 2019 01:04

Good TA, Thanks for sharing.

LEVERXYZ

⋅ 3 avr. 2019 02:52

@ForecastCity, thanks no prob

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