CoinedByCrypto

Oil "Going higher" ?

Long
AMEX:UWTI   None
First of all Bull flag!

Many E-wave combinations right now .... this is though what I see the most ... "We're going higher" testing red overhead resistance

So the chart is subject to changing wave count! Not altimate count!

Have to clear EMA 34 and the the sky is open for the test, but price will maybe stay there for ½ to 1 hour before ema13 have moved closer to a cross over. Price can even retest the blue line again! So nothing for sure ... but my best guess right now.

Positive divergens on RSI and AO indicator

Safe trading ladies and gents!
@BlawrenceM

Music at work:
www.youtube.com/watch?v=G_gQMdLf...
open.spotify.com/tra...d7qowLYkENB9jzMQByFj

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.