Oil very likely bottomed today. The only thing I am not very confident here is that there is no divergence generated on 4hr chart. Pattern wise, it should go reaching the previous top or even breaking it. If it trying to retest the bottom and give us divergence next week, I ll load more, currently entering 40% of my normal position here.
Note
It seems it's going to break previous cycle low without pulling back. I ll be loading another 40% once it breaks $64Note
Loaded another 40% of my position. This will be the last leg of the panic sellingNote
Loaded the rest 20%, Let's see how it goes by the end of 2018, call for Apr, 2019
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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.