Will oil drop again?
For the first time in a long time, price broke and closed below the channel and 50 EMA.
Could this be a retest to rally higher or complete reversal?
1.The RSI went oversold on the daily.
2.RSI divergence on the 4H.
I can spot same attributes from October 2021. And we all know that nothing's new under the sun. Trade safe guys!
PS-I can't spot any safe entries. But I am willing to take the risk from here. Are you?
Could this be a retest to rally higher or complete reversal?
1.The RSI went oversold on the daily.
2.RSI divergence on the 4H.
I can spot same attributes from October 2021. And we all know that nothing's new under the sun. Trade safe guys!
PS-I can't spot any safe entries. But I am willing to take the risk from here. Are you?
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