OIL - Breakout or one more day in the range?
I think everything is on truck here with our long positions. The question is :
Are we breaking out from the flag immediately on Monday (1) or do we have to tag the bottom of the range - and the 200 EMA- one more time (2).
So 43$ is still not out of the table before we break out to 50$. I think the stock market will show the direction now at the beginning of next week...
Are we breaking out from the flag immediately on Monday (1) or do we have to tag the bottom of the range - and the 200 EMA- one more time (2).
So 43$ is still not out of the table before we break out to 50$. I think the stock market will show the direction now at the beginning of next week...
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So it was a bull flag and we broke out.
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New post in 5 minutes
MACD, RSi, TSI are all showing theis. Plus we are very close to the 10 EMA there is no reason to tag it again at the beginning of next week...