TipTVFinance

WTI Oil - Leg D of bullish cypher pattern in the making

FX:USOIL   Crude Oil (WTI)
Prices could be heading lower to $44.35 in the next few days, which is 78.6% level (Leg D) from where a rebound is expected (Potential Reversal Zone).

Note the RSI is heading lower from oversold region and last week we had talked about a bearish price RSI divergence on 4-hour chart.

Both techniques appear in sync now.. and pointing to weakness ahead.
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out