some linework on the 4hour chart of oil:
odds for a reversal at the median line of the red downsloper are higher because recently break of lower parallel of upsloper.
if price breaks sliding parallel of upsloper then uptrend in jeopardy.
odds for a reversal at the median line of the red downsloper are higher because recently break of lower parallel of upsloper.
if price breaks sliding parallel of upsloper then uptrend in jeopardy.