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Spiritualbeing11
Aug 13, 2020 11:45 PM

USOIL short  Short

WTI CRUDE OILTVC

Description

As you can see on a smaller time frame, USOIL pumped to this exact spot for one, because this major gap needed to be filled and two, because it wanted to test out this resistance.
USOIL doesnt seem to have the strength to push through.
With this pattern, you can also see that USOIL is close to topping out. This curve is at its top and will need to make a move downward very soon.
We can also see our loss of strength with this massive bearish divergence on a 4 hour.
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