- January 27, 2021
- Posted by: Tradingshot Articles
- Category: Commodities
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Pattern: Bullish Megaphone on 4H.
Signal: Buy if the 53.90 Resistanct breaks, as the 4H MACD and RSI is repeating the December 02 – 10 bottom fractal.
Target: 56.00 (the 2.0 Fibonacci extension, which has been holding since late November).
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Tradingview link:
https://www.tradingview.com/chart/USOIL/ljvpX2TK-WTI-OIL-Buy-Signal