littleriver
Long

OIL INDEX REVERSAL

INDEX:XOI   Oil Index
51 2 1
Looking at this oil index             chart, a very nice unconfirmed IHS             is visible. Within this IHS             is a confirmed double bottom . The green line is the target of this double bottom . After retracing following confirming the double bottom , price appears to be headed to the center median line of the pitchfork next, near the 1400             mark.
snapshot


Sell signal here after consolidation of %R and confirming IHS . A retracement is likely in my view,
Reply
littleriver littleriver
After failing to set new highs price now appears to be fading. Looking for price to retrace near 0.618 fib level.
snapshot
Reply
United States
United Kingdom
India
Deutschland
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
中国
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Priority Support Ideas Published Followers Following Private Messages Chat Sign Out