So oil is going to continue south, im waiting for a pull back to short.. Here is an example of the macd setup i sometimes use. I will for a pull back, the histogram and ma lines will reach a point above the previous 2 macd highs, breaking the trend and creating divergence.. i will short crossing the zero line and see where it takes us.
OK, so this is more of a trend continuation. Maybe this is a bit crazy, but i still feel price will move higher for a few more weeks. very simple. 1 - New moon usually signals a continuation of the main trend. 2- hidden div on rsi 3- resistance from channel. It may pop just below and will get bought back.