Here's a testing indicator using MIDAS on pivots and Fractal Deviation Band's with Fibonacci (PHI) Multiplier.
I will be accumulating $XOM Exxon Mobil below $81 as a scale in. Approx $80 down to $78 is a zone that is showing a high probability of at least a significant bounce. Currently XOM is signaling accumulation. It may turn into something more. My strategy is: I'm wrong below $75 and/or scale out some with profit at $85 and move my stop(s) up. This is a risk...
Crude oil wti futures on approach from above to linear trend line from Dec 1998 to Nov Jan 2009 extended to present. Should see a bounce or stabilization at least. Need to re analyze as condtions in this market are NOT normal. Caution on the long side. Likely short covering. Activity slowing down upon approach. Over night likely to have the move.
$DIG also in a similar fashion. Critical weekly candle imho