Feeling Long on OIL

Weekly
- Stochastic around 40’s? N
o Previous low broken? Y
o Previous high broken? N
Daily
- Stochastic around 40’s? Y
o Previous low broken? Y
o Previous high broken? N
4 Hour
- Stochastic around 40’s? Y
o Previous low broken? Y
o Previous high broken? N
1 Hour
- Stochastic around 40’s? Y
o Previous low broken? Y
o Previous high broken? N
15 Min
- Stochastic around 40’s? N
o Previous low broken? Y
o Previous high broken? N
5 Min
- Stochastic around 40’s? N
o Previous low broken? N
o Previous high broken? Y


Indication: Price is around as low as it’s been all month. Overall price has been on a downtrend and on the 5 min it looks like new highs are being created just before market closed for the weekend. I see price testing the resistance at some point within the next couple weeks. I also see a triple bottom reverse bat type of formation. (Correct me if wrong). I don’t see how price would not try to test at least 50% of the recent high.
If you agree I would appreciate your LIKE, FOLLOW, OR COMMENT
If you disagree let’s talk this thing out!
I’m a new trader looking to learn and grow with this great community so let’s work!
Hope your trading week is going well!