Crude bullish RSI divergence after deep correction
Thanks for viewing. I'm not into fundamental analysis - so we could have complete crushing overproduction and oversupply of crude and I wouldn't know. I'm just looking for a potential bounce to go long.
So I just posted to point out a potential EW count and strong bullish divergence displayed by the RSI. It could go a little lower but the spring is coiling and there will be a significant bounce when it comes. Still, I will be waiting for confirmation and haven't decided if I will miss wave A yet and will wait for wave C up.
Happy trading and protect those funds people.
So I just posted to point out a potential EW count and strong bullish divergence displayed by the RSI. It could go a little lower but the spring is coiling and there will be a significant bounce when it comes. Still, I will be waiting for confirmation and haven't decided if I will miss wave A yet and will wait for wave C up.
Happy trading and protect those funds people.
Nota
We just had a daily MACD moving average cross-over as well indicating some upside potential. I went long at $50.61. Wish me luck :)
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Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.