littleriver
Long

OIL INDEX REVERSAL

INDEX:XOI   Oil Index
50 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.
littleriver
2 years ago
snapshot


Sell signal here after consolidation of %R and confirming IHS . A retracement is likely in my view,
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littleriver littleriver
2 years ago
After failing to set new highs price now appears to be fading. Looking for price to retrace near 0.618 fib level.
snapshot
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