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Tr8dingN3rd
Feb 2, 2022 7:21 AM

CL1! - Crude Oil Divergence Short

Crude Oil FuturesNYMEX

Description

What do we have here?

Divergence and resistance tell a story. But the indicators are not predictors. They "indicate".

That's why we are patient and wait for a break of the trendline (yellow) on a close. If that happens, then we have more certainty and can short a potential pullback

#patientpitchfork @RiderOfThePF

Comment

It looks like they washed the upside.
Here's a 1h view:

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