My long was good, but we are at a level to take profit.. WE could head further up, but I feel with the new moon around the corner and rsi looking divergent.. we might head down to re test the lower zone once again..
ok, this is me testing out a bit of a wild theory based on moon phases and lines drawn off those moon phases combined with price trend lines..
If these are correct, bottom will be in around the 9th and top will be the 24th of march.
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.
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.