A short-term view for crude oil. Use your own strategy to take position.
MACD turned positive RSI crossed its EMA Price line crossed FRAMA
Pay attention if price rebound or break key level indicated on the chart
Oil price is inside a triangle pattern. Watch out if it breaks bullish long term channel!
Long after little retracement to 43.40. Long if price will go over 44.10.
4th wave is ending. potential flat zone now before Gold 5th wave to 1440 Pay attention to RSI bouncing under its EMA 9.
RSI crossed its EMA34 MACD histogram turned positive and signal line is pointing upwards Price line crossed FRAMA
113.9 lvl was just break, and start uptrend EFI - cross 0 - buy MACD - buy configuration CCI - overbought Stoh - buy R/R = 4.6
1) Stoh - waiting while downtrend will break 2) CCI - same pattern 3) MACD - bull divergence 1D look like ready to correction
Indicators enter in OB zone , but price not finish last long wave Waiting when indicators goes reverse tp1 : 0.75
All indicators looks very good , EFI - Sell speed decreasing MACD - BIG BULL DIVERGENCE, CCI and stochastic just exit from oversell zone SL 129.8 TP1 135.2 TP2 140.75
Fake support line break not change the situatiuon Active trades will start when price reached one of the channel sides
1. All big deal start when trendline will broken 2. 77.X - strong support level, buy from bottom - good idea
RSI on overbought, MACD short signal, 3rd elliot wave ending.