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Short

Light Crude Oil Reversal: Two Sell Fractals On Four Hour Chart

NYMEX:CL1!   Light Crude Oil Futures
89 0 6
There are many sell signals.
1. Sell Fractals in effect (rectangles on chart).
2. Alligator jaws opened in tandem with sell Fractal .
3. Chop indicator (under chart) (indicates a trend or choppy action) is below the 38.2 shaded area. This indicates a strong trend coming that is down.
4. Phase energy (lower top indicator) is heading higher because of short-term bounce. Look for reversal at zero line.
5. Momentum (middle top indicator) is the 5/34 measure, and this is heading up, for now. I believe this will reverse.
6. Prices are trading below the Ichimoku Cloud .
8. Prices are trading below the Ki jun-Sen baseline of the Ichimoku Cloud .
9. The trend-line is heading down (thick golden line just below the Ichimoku Cloud ).

The sell signal will most likely trigger when RSI/ Stochastic (top indicator) reverses, and the phase energy starts to have red bars.
This has already happened on the one hour chart. I believe the path of least resistance is down. Don.

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