darth.stocks
Short

CL1! 25 day periodicity: SHORT Crude

NYMEX:CL1!   Light Crude Oil Futures
341 1 5
Recent 25 day periodicity suggests Crude decline till 20 $ range within the next few weeks. Williams %R shows a clear SELL signal. Without a bounce back towards 0 last weeks 10% correction was just a dead cat bounce...
I like your idea but I would prefer for myself to draw lines on the same side meaning if I draw a support trending line on the graphic I would also do the same on the indicator , here the RSI, to catch the new lows. On the tops to catch new highs and trending reverse when either price or indicator crossing trending line . Finally I think that we may have a double bottom or a new higher low.
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