D1 - No bullish divergence that hints that the bearish trend is over. We may expect one more push lower until a bullish divergence is created.
H4 - Bearish trend pattern, currently it looks like a correction is happening in the form of some sort of a range.
H1 - If the price moves lower, breaks and holds below the uptrend line we may then expect further continuation lower.
Note: Due to the Corona virus impact there is less transportation around the world so I expect the Oil prices to drop lower further.
H4 - Bearish trend pattern, currently it looks like a correction is happening in the form of some sort of a range.
H1 - If the price moves lower, breaks and holds below the uptrend line we may then expect further continuation lower.
Note: Due to the Corona virus impact there is less transportation around the world so I expect the Oil prices to drop lower further.
Orden cancelada:
Trump's tweet changes the current sentiment in the market
Trend line wasn't broken and currently the idea is invalidated
Trend line wasn't broken and currently the idea is invalidated