Short term might be bearish because of bearish hidden divergence.
Middle and long term bullish high probability because of pitchfork's median which won't might be reached before the red circle, because of global bullish hidden divergence and because of local bullish divergence.
Potential formation of bullish pitchfork and bearish butterfly pattern.
Middle and long term bullish high probability because of pitchfork's median which won't might be reached before the red circle, because of global bullish hidden divergence and because of local bullish divergence.
Potential formation of bullish pitchfork and bearish butterfly pattern.
Comment:
Unless crude oil looses more than 2.5% in the next 24 hours, it seems difficult to see price below the median before red circle.
