Chevron — Week 8, technical bounce within the decline
Chevron: the bounce off the 180 area doesn't halt the ongoing decline
Chevron — Week 8, technical bounce within the decline
In Summary
Chevron is at week 8 of a sell signal. The week closed up 2.7%, with the double bottom in the 180 area holding firm. This is not a reversal: CMF returns to distribution, the weekly structure remains bearish, and the quality band signals trading not recommended. Those already short evaluate the bounce before making any move.
Ongoing decline
·8th week from start
·US stocks
·T2
IQS Phase
72
in tension
Signal Strength
21
indecisive week
Sizing
MINIMUM
Ranking
#39 / 96
US stocks
Trade P&L %
+0.66%
from signal to today
restricted Platinum content