Oil looks it still has a down move to go. Waiting on the ABC correction to finish and break the channel.
Note
Oil on the move up as expected to the C waveNote
look how volume decreases as it hits the trendline and now should increase on the move up.Note
Going on up, volume increasing, good bet on the upside and maybe a few weeks of CAD strenghNote
So far so goodRelated publications
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.