4 Hour Bearish Bat with RSI Bearish Divergence on USOILFrome the looks of things we have some Bearish Consolidation going on right now and the Bearish Bat is hinting to me that the 800 EMA will act as Resistance. If we break through the Demand Line of the structure i think USOIL will Begin an Accelerated Movement down to atleast $71 in the short term.
Wtiocusd
WTICOUSD West Texas Oil WTI has a habit of spiking down (or up) shaking traders out of the market. Im looking for an opportunity to go long if smart money makes another move down into my sweet spot. If price doesn't hit my entry criteria there's no trade. As always, the market can go in any direction at any time and there's no guarantee of success, risk management is key.