Hello Friends,
today we take a closer look at oil again.
The chart has taken a strong step back after a deep fall. Due to the news with the Omikron and the Blackfriday / weekend, the market has made a gap up on Monday (Sunday evening) when the market opened. From now on it becomes exciting, because we see generally in the Weekly Chart that the market now has 2 possibilities. Once the Bullish or Bearish-Trend.
According to my forecast, we would continue to follow the Bullish trend. However, after he has finished his correction. That means its correction is not done yet according to my analysis. :(
What we can do now would be to make a short to the big box at the small gray box, of course with a tight SL.
Otherwise, wait and be patient....
today we take a closer look at oil again.
The chart has taken a strong step back after a deep fall. Due to the news with the Omikron and the Blackfriday / weekend, the market has made a gap up on Monday (Sunday evening) when the market opened. From now on it becomes exciting, because we see generally in the Weekly Chart that the market now has 2 possibilities. Once the Bullish or Bearish-Trend.
According to my forecast, we would continue to follow the Bullish trend. However, after he has finished his correction. That means its correction is not done yet according to my analysis. :(
What we can do now would be to make a short to the big box at the small gray box, of course with a tight SL.
Otherwise, wait and be patient....
