johnmad
Short

USOIL - 2015 - 08 - 05 - 4 HR

FX:USOIL   Crude Oil (WTI)
318 0 4
I am looking at a few things here , i like to look at the 4 hr             chart which is normally the most accurate time frame and to guide me into a trade i take the trade based on the 15 min and 1 min , RSI on the 4 hr             is still bearish and is printing below the 60 mark , on the 2 hr             in RSI we have market conversion , and it has just crossed above the 50 line , i still think the price will continue higher to about 48.56 area which will be a Triple Top i call it a (KOD) Kiss Of Death and fall, i expect the Bat Pattern to complete on the 4 hr             and trend to continue , the important thing here is the timing of the trade
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