rsi 40 target...and support marked lower..
breaking 5118 confirmes the move to 1k...also expecting a fall to 1k in half the time we spent going up
short on a fork, w1 supply hit, corner trade on pitchfork, structure broken
I took a little closer look at this, and the closer I was looking, the bigger the picture was needed, in the end 6 month chart was finally revealing what is going on. I would be only lookign at longs 6 MONTHS LONG: I am expecting to break previous highs (1,07799) on 6 months and deeper penetration in supply zone. 1 MONTH LONG: Here is a tricky part, I expect...
this is huge for crude, any spike up and break of 52, will make crude a nice long, break of S/R and blue fork to the upside is what we look for, or rejection of red and green line confluence
follow the blue fork, target upper blue line, but we bounced of big s/r and black fork…so neutral
- W1 looks long from demand - D1 looks a perfect red channel, and bouncing off nice s/r - H4 positive RSI divergence, and I would like to break that s/r line thats seems to hold importance - H1 nice red channel and black line resistance, so I would like to break red channel AND black dotted line and buy a retest