Short
CRUDE OIL SHORT COMING SOON
Hi there,
As you can see, we got a DIVERGENCE on the HIGHER timeframe on the RSI and PRICE ACTION.
PRICE ACTION is rising whilst RSI is getting lower. So We can conclude that a DROP is coming SOON.
Our ENTRY will be on MONDAY 3hrs after MARKET opens because we STILL NEED to CHECK FOR FURTHER CONFIRMATION before entering the drop.
Our PROFIT TARGET will be the minor support level and potential the MAJOR support level.
kind regards
As you can see, we got a DIVERGENCE on the HIGHER timeframe on the RSI and PRICE ACTION.
PRICE ACTION is rising whilst RSI is getting lower. So We can conclude that a DROP is coming SOON.
Our ENTRY will be on MONDAY 3hrs after MARKET opens because we STILL NEED to CHECK FOR FURTHER CONFIRMATION before entering the drop.
Our PROFIT TARGET will be the minor support level and potential the MAJOR support level.
kind regards
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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.