The ultrashortterm downtrend is still present and dominant. As long as we trade below that trendline, the Sentiment is still bearish.
A first longsignal would be the break of the illustrated bullish wedge @ 45,6$ .
If oil could break the last high @ 46,5$, the Chance increases for a further upwave to 49$. 49$ is the "real" longtrigger for a strategical Position.
Trading below 43.9$ will accelertate the downtrend. The "real" downtrigger for a longer shorttrade is 42.95$. TPs--> 41$ 39$
Best Regards
Mary
A first longsignal would be the break of the illustrated bullish wedge @ 45,6$ .
If oil could break the last high @ 46,5$, the Chance increases for a further upwave to 49$. 49$ is the "real" longtrigger for a strategical Position.
Trading below 43.9$ will accelertate the downtrend. The "real" downtrigger for a longer shorttrade is 42.95$. TPs--> 41$ 39$
Best Regards
Mary
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adios bullish wedge.... we dipped deep..deeper than i thought....now there are two important shortterm Action Points: 43,8 as Trigger for a tiny upwave up to 44 and 44.5 .... and 43,5 as Trigger for a short down to 43/ 42.6
