USOIL - 1D - pattern

By TheGoer
this is what I see on USOIL chart :

- trend line forming in the middle of parallel channel
price crossing it could create hesitation.

- RSI had similiar pattern but already brake out

- ADX makes a lower high. This could indicate a sideway movement.

should wait for new trend to take place
ADXFLAGpatterntradingRelative Strength Index (RSI)Crude Oil WTI

Disclaimer