moneyflow_trader

Oil 3yr forecast Rounding Top on Monthly Inverted Cup/handle

Long
moneyflow_trader Mis à jour   
TVC:USOIL   CFD sur Pétrole brut WTI
Bull Flag Breakout set up on the weekly, and can be seen on the monthly chart as well.. However, i'm presenting a monthly chart view. From D leg, anticipate oil getting very bullish w/ a possible low as $80 (dip) w/ a movement to A leg of $130.00 previous high. Based on projections, Oil could reject this level 3x before completing the rounding Top and A sell off of C Leg.. The Breakout is shorting oil below the handle. The Inverted cup/handle trade is not a bullish trade, its a bearish trade set up.. I'm bullish w/ a revisit back to All time highs, and will look to short the all time highs again on A leg, C the finally leg I see at the ATH...

Since this is a monthly chart, you got to be fluid and willing to adjust to market conditions..
Commentaire:
Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.