WTI Usoil has been consolidating around this zone for the majority of last week. No real faith is held in either direction from the market.
A contraction of the Bollinger bands and the FOMO sediment will see a break out lower or higher of these levels resulting in a significant rally. I’m not trying to guess the breakout, I’m prepared either way. But I feel that it is coming.
If it hits my buy or sell levels and returns to current bounce zone area, I know my plan didn’t work. I’ll take a 30 point loss. But if price rally’s either way I’m expecting 100-200 profit gain.
In my opinion worth the risk.
USOIL
A contraction of the Bollinger bands and the FOMO sediment will see a break out lower or higher of these levels resulting in a significant rally. I’m not trying to guess the breakout, I’m prepared either way. But I feel that it is coming.
If it hits my buy or sell levels and returns to current bounce zone area, I know my plan didn’t work. I’ll take a 30 point loss. But if price rally’s either way I’m expecting 100-200 profit gain.
In my opinion worth the risk.
USOIL