ElPatron.Y
Long

Break down bearish, breakup BULLISH like f&ck

NYMEX:CL1!   Light Crude Oil Futures
223 views
10
No description needed, chart speaks. A lot of bloodshed happening over here...

Comments

UPDATE
+1 Reply
I'm bearish.
Previously 54 was an important resistance which it took nearly 4 tries to break, yes it became support but it was broken without any significant bounce a week ago.
+1 Reply
Agree with you.
Reply
ElPatron.Y LastBattle
@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.
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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!https://www.
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aibek ElPatron.Y
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
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UPDATE

As described earlier, the black support line was a big support which failed. This is going down more!https://www.
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