USOIL December 26th, 2023
USOIL has been forming a bearish channel for the past few months. The channel is defined by two parallel lines, with the upper line representing resistance and the lower line representing support.
Resistance Test
The price has recently reached the resistance line of the bearish channel. This is a sign that the trend may be changing. The price could bounce off the resistance line and form a new lower high.
Three Possibilities
There are three possible outcomes for the price of USOIL. First, the price could bounce off the resistance line and form a new lower high. Second, the price could continue to decline below the lower low of the bearish channel. Third, the price could break out of the bearish channel and enter a bullish trend.
Resistance Test
The price has recently reached the resistance line of the bearish channel. This is a sign that the trend may be changing. The price could bounce off the resistance line and form a new lower high.
Three Possibilities
There are three possible outcomes for the price of USOIL. First, the price could bounce off the resistance line and form a new lower high. Second, the price could continue to decline below the lower low of the bearish channel. Third, the price could break out of the bearish channel and enter a bullish trend.
Trendline, Bollinger Bands, and Chart Pattern Analysis. Mid-Long Term Strategy. No courses or premium signals provided. Open for collabs or free analysis requests - feel free to DM.
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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.
Trendline, Bollinger Bands, and Chart Pattern Analysis. Mid-Long Term Strategy. No courses or premium signals provided. Open for collabs or free analysis requests - feel free to DM.
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.