TradingView
Kumowizard
Sep 24, 2017 8:21 AM

Don't be bearish when there's a bullish break attempt! Long

Crude Oil (WTI)FXCM

Description

Weekly setup in WTI has improved:

- Heikin-Ashi signal is bullish. haDelta+ and haOscillatos bullish cross confirms momentum strength
- Ichimoku is neutral with bullish bias (medium strong Tenkan/Kijun cross in Kumo), and price attempts a bullish Kumo breakout. However for a sustained bullish breakout we'd need more confirmation in next few weeks. Next upper key is 53.
- EWO ticks up into bullish territory.

I don't know if it will really start a strategic bullish move, or just stays in a wider range of 45-53, but right now it is defenately not bearish! It is a buy dips setup, until price holds above 47.

Comments
tradshali
Hello And Thanks
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