Still not convinced by the bears.. I see a HUGE falling wedge, that is first of all a bullish reversal sign. Second of all in an uptrend this is also bullish and don't forget about the daily and 4h divergence. Reversal will be dynamite!
I think we will see reversal here soon as it's just part of complex correction of wave 4 monthly charts. https://www.tradingview.com/chart/USOIL/aHVyFukP-USOIL-Ending-diagonal-C-down-still-in-progress-Keep-patience/#tc209917
@Lastbattle I'm not talking about the 54 resistance which became support and might now be resistance again. But the black downtrend line looks like it is acting as support for 10 days so far and the last high spin doji looks more bullish dan bearish. To be honest I have a small short opened and will long at a lower low 50 is my long queue.