CLM2021. Oil registered reversal formation.
Oil registered a reversal formation on the lower time frames. I can only post the 15 here so I am posting it with the 15.
One thing to consider is it did this pre NY open and typically the NY session acts as an individual, so anything that happens before the NY open doesn't have to be taken into account much. But, it can be. I guess that's the tricky part.
Anyway this could rally higher. I see on the 60 there's also a double bottom forming. Kind of looks like what gold did not just the last 2 weeks, no?
One thing to consider is it did this pre NY open and typically the NY session acts as an individual, so anything that happens before the NY open doesn't have to be taken into account much. But, it can be. I guess that's the tricky part.
Anyway this could rally higher. I see on the 60 there's also a double bottom forming. Kind of looks like what gold did not just the last 2 weeks, no?
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