OIL Negative Divergence Daily Sell
My mistake was to omit looking at Oil from the top down. This led me to accurately spot a bullish move with divergence
and as they are reliable it moved in my favour but the longer outlook is now turning bearish. Here the daily suggests
that Oil will not move higher for now. And that a solid short lasting several days, and perhaps even a few weeks
is likely. The idea is simple: Sell oil and set stops above recent higher high.
and as they are reliable it moved in my favour but the longer outlook is now turning bearish. Here the daily suggests
that Oil will not move higher for now. And that a solid short lasting several days, and perhaps even a few weeks
is likely. The idea is simple: Sell oil and set stops above recent higher high.
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.