After the Daily Key Reversal last week which also helped form a doji on the WEEKLY, I am convinced that from this week and for the following 3-4 oil will go down. RSI and STOCHRSI have topped on the weekly and are reversing as well as the MACD.
My first target is $48 and then $44-42.5
My first target is $48 and then $44-42.5
Note
Expected Elliot ABCDE on 4HNote
Added to my short at $51.55Note
Possible bearish 3 dives pattern that will take us to our first target $49.5Note
Today was a very tough day for shorts. I almost manually closed my position to prevent loss.Note
Possble ABCDE on 5m that could break this so hated reistance of the past days
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.