


stvnj
Watching for price to explode up hitting a trendline on 4 hr rsi. Thoughts?
this would be the best way to intice shorters into the market to give them one more up before the down move. Rsi is naroowing in a wedge.
Waiting to see which way it breaks, could consolidate and move up friday, or reverse. Lets See
some musing before us open.
I'm going to be keeping an eye on this new channel line. if we ignore the one spike we have quite a few points aligning. will keep a close eye to see if this trenline reacts, or whether it becomes just an arbritary line.
currently oil looking like a falling wedge, rsi div to support it..
Might we see a slow creep up to 62 by year end? Fib ext says possible. RSI has space. I'm currently waiting to see result from meeting before committing either side however
hit a bit of a trendline, would like to see retrace until opec meeting around 76.4 retrace.. then is it more up or down to the high 40's again?
one more idea for fun based of fib retrace before opec meeting
an easy setup. could be invalidated easily, but an easy sl to set
On one of my active charts i always run minor and major trendlines. According to this, oil might make a decision on direction soon.
Fib ext reached, worth a short...