“ALWAYS CONFIRM WITH THE WEEKLY AND MONTHLY CHART BEFORE ENTERING INTO A POSITION.”
Just placed an entry position at SLB today to find that I have reached a major resistance level on the monthly chart as well as the weekly chart. It looks like there’s potential for a huge pull back tomorrow after looking at the weekly and the monthly chart. Must pull out quickly tomorrow morning before things get worst. Will reassess my entrance after the pull back, it looks like it could form a cup and handle pattern also over the 1 month.
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