What a rally! Are we going to have a pullback? Here is my analysis

Technicals
→ We are overextended.
→ We are at a major resistance
→ Last Friday we couldn't close a resistance and closed bearish engulfing.


Trade
→ All scenarios are possible. Scenario 1 is most likely.

Nota
Sweet OIL went down! Look for scenario 2 for a play! Previous support becomes resistance now
Nota
Long play already here. You could also wait how the daily close and make a trade tomorrow going back up
Nota
Long play worked perfectly here. Congrats to whoever took it
Nota
Told you that support becomes resistance and we just did that. Looking for new trades upcoming week? Look for scenario 1 or scenario 2 for a sell.

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Chart PatternsFundamental AnalysisTrend Analysis

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