WTI Demark Setup Perfection Buy and Upward Trend Channel
So far TD Setup Perfection Long position signalad a buy and is holding up with some respectable gains.
Long 68.41
Stop Daily close below 65.75
MACD turning higher but still hasn't crossed up, but if we have a higher close on Sunday Globex session that *could* bring Monday morning buy orders.
On the weekly chart, we have a really nice upward trending channel that we are currently bouncing off the bottom band, that could also help bring in some buyers and run us up to the top of the range around 78/80.
(Bottom Left Chart)
tradingview.com/chart/ml8U2Dxa/
The only concern I have is the bearish divergence on the weekly MACD, lower highs while the price makes higher highs.
Long 68.41
Stop Daily close below 65.75
MACD turning higher but still hasn't crossed up, but if we have a higher close on Sunday Globex session that *could* bring Monday morning buy orders.
On the weekly chart, we have a really nice upward trending channel that we are currently bouncing off the bottom band, that could also help bring in some buyers and run us up to the top of the range around 78/80.
(Bottom Left Chart)
tradingview.com/chart/ml8U2Dxa/
The only concern I have is the bearish divergence on the weekly MACD, lower highs while the price makes higher highs.
I write a newsletter about edges in financial markets…and life. Traders responsible for 9+ figures in daily transactions read it and you should too. Former USMC. pollinatetrading.com
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.