Although i really try not to indulge myself in trades i deem biased - OIL that is manipulated to affect Russia IMHO. This was interesting to see. - I had the blue trend lines plotted for quite some time already - Drawing parallels from the tops showed also some relative hit ration with the price trending around them - CCI ran away from RSI and already is diverging - Of course, all bottom indicating indicators are ...indicating bottoms. - With high volume in recent days, if a bottom is formed it may retrace to some important fib level,like 0.382 or 0.5 that sit nicely within some trend range - theres also a gap there that hasnt been filled
Won't say im long,but i wont be shorting too much at this point either
Comments
tompower2
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appears to be touching the bottom corner right now, but I'm already long from way above which is too bad for me.
A-shot
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Stocks are trading sideways, and its a hard call to dive for so long, if there wont be any really strong catalysts i see at least a rebound to 0.382 retrace