Crude oil is on its final push coupled with bearish divergences and major resistance zone.
The last handful of times crude has reached this point on the RSI it has been followed by large declines in the following weeks.
Trade safe!
The last handful of times crude has reached this point on the RSI it has been followed by large declines in the following weeks.
Trade safe!
Trade active
I shorted around the highs today, I am very aware that we are in an uptrend and that cannot be ignored. Therefore I will take half profit around the bottom of the ascending channel. I will then revaluate, maybe go long if volume and candles look bullish.Note
Today is an important day, lets see if we break down below the channel.Trade active
Breaking! Now waiting for confirmation and I may add to position.
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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.