We called it... and it arrived !!!

12. Juli 2018

Good morning guys!!!
In my last charts we had seen that a correction was coming ... and it arrived!
Yesterday USOIL drew a big red candle on the chart, which stopped at a very important point: remember the red line? On June 27th I hypothesized a pullback on this line after the break, but it didn't happen, sign of a very strong uptrend. But ... prices always come back on their way, and now here we are!
At this point it would be prudent to close shorts positions or most of them. I do not exclude that there may be a further drop towards area 69.4 (look at the daily chart in the comments). Moreover, the cycle ends at the beginning of next week.

I'm happy if someone followed my suggestions and made gain.

Have a nice day !!

12. Juli 2018

Anmerkung

69.4 is a very important area: we have the EMA 50, the crossing of the main trendline, and the 0.5 channel of fibonacci. Moreover, the cycle isn't closed, then a further drop is possible

12. Juli 2018

Anmerkung

Pullback and restart completed

12. Juli 2018

Trade geschlossen: Ziel wurde erreicht

What a trade guys!!! Fantastic

12. Juli 2018

Anmerkung

12. Juli 2018

Anmerkung