Yesterday's volatility maybe a start of a trend reversal in oil price, as price pushed up through $100/barrels, but could not stay there for long. Still wait and see for broke down of trend line to confirm trend reversal.
Oil price has been increasing rapidly and made a new high around 89.70 USD/Barrel. However, technically analysis may suggest that it may be a time for oil to correct. RSI Bearish diveregence is spotted in the daily timeframe where new higher in price is made, but RSI indicator did not make a new high. daily candle sticks has been making several doji sticks,...
Oil appears to be in a corrective bull flag pattern. Within a wave C. Looking to enter long position near the end of wave 1 to test new high
enter long position on usoil. to test previous supply level. currently, seems like oil is on a correction for another leg up.
Log scale ETH chart seems to be in wave B. ETH should experience one more leg down, making Wave C before catching Wave 5 up beyond 4000.
ada bounced back to supply level, and break down structure on hourly timeframe OPEN short to previous low TP.
Silver inside a ascending triangle, if break to the upside, can test ATH or even further! #SILVERHAND
Gold just completed ABC down at 1680. Now, starting WAVE 1 of 5, or Wave X of correction pattern. need to wait for the move to confirm.