Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
π After breaking below the last major low marked in red at $84.5, OIL has been overall bearish, trading within the rising channel in blue.
π For the bulls to regain control, a break above the last major high marked in blue is needed.
π Meanwhile, OIL would be bearish and can still trade lower to test the $75 - $76.25 support zone.
π Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
π After breaking below the last major low marked in red at $84.5, OIL has been overall bearish, trading within the rising channel in blue.
π For the bulls to regain control, a break above the last major high marked in blue is needed.
π Meanwhile, OIL would be bearish and can still trade lower to test the $75 - $76.25 support zone.
π Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Trading Made Simple; and Rule-Based
www.RichTL.com
My Telegram Channel
www.t.me/thesignalyst
Best CFD broker
cutt.ly/TickmillReal
www.RichTL.com
My Telegram Channel
www.t.me/thesignalyst
Best CFD broker
cutt.ly/TickmillReal