Below looks at the Oil Service Index (OSX) over the past decade. From the highs of 2014 to the lows of this year, this index declined nearly 65%. Could it be creating an trend reversal pattern? Check it out!
(Click on image to enlarge)
Oil service index remains inside of two year falling channel. It potentially has created a reversal pattern over the past year.
At this time, OSX index is attempting a breakout of falling resistance at (1), which could send a positive message to the Energy Risk On trade!
We have been sharing this pattern with members since July. Some fun potential here friends!!!
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