Exhausted bulls
Actualizado
Too much evidence is accumulating that hints a short in crude. This fib fan has some history and the importance of its angles has been proven. We have now a clear resistance on the 0.618 angle and momentum and volume also peaked. The long term target is on the 0.5 angle with good possibilities of continuing further down.
On the 4h time frame there is a head and shoulders pattern developping and if neckline breaks, target is around 61.
Good luck and thanks for your comments.
On the 4h time frame there is a head and shoulders pattern developping and if neckline breaks, target is around 61.
Good luck and thanks for your comments.
Nota
Angle retest. Note the daily RSI divergence.Operación cerrada: objetivo alcanzado
Nota
We're again at the same angle.Nota
And again at the same angle !
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