Oil Short Term
We have three clear pivots: ABC
There is bearish divergence
The golden pocket fib retrace is around 70 bucks which coincides with the median line
We're not oversold
More dip imho
Disclaimer: Nothing in the above or below should be construed as investment advice
There is bearish divergence
The golden pocket fib retrace is around 70 bucks which coincides with the median line
We're not oversold
More dip imho
Disclaimer: Nothing in the above or below should be construed as investment advice
Note
ACTION | REACTIONMarket Geometry
Select three major pivots high-low-high or low-high-low
A, B, C
The median line as per Dr. Alan Andrews is the bisector of BC from A
80% of time price comes back the median line, which is a potential reversal point; or a push through the median line can come with additional momentum
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.
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.