price shows weakness that can lead price of oil to 36 or lower
Updated
Several strategies combined can gives us an indication to where the price is heading next and how to positionate in order to enjoy the possible next move.
First there is a bearish shark pattern here that just formed,
then there is the fact that price rejected the top of the range
to finish there is a bearish divergence within macd indicator which is confirming that price should fall from here
based on these three facts, I open a short entry
from here and aim the middle of the range then the bottom
First there is a bearish shark pattern here that just formed,
then there is the fact that price rejected the top of the range
to finish there is a bearish divergence within macd indicator which is confirming that price should fall from here
based on these three facts, I open a short entry
from here and aim the middle of the range then the bottom
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