CL1! - Crude Oil Divergence
Updated
What do we have here?
Divergence and resistance tell a story. But the indicators are not predictors. They "indicate".
That's why we are patient and wait for a break of the trendline (yellow) on a close. If that happens, then we have more certainty and can short a potential pullback
#patientpitchfork @RiderOfThePF
Divergence and resistance tell a story. But the indicators are not predictors. They "indicate".
That's why we are patient and wait for a break of the trendline (yellow) on a close. If that happens, then we have more certainty and can short a potential pullback
#patientpitchfork @RiderOfThePF
Note
It looks like they washed the upside.Here's a 1h view:
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