USOIL might decrease (or not?)
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Hi very one
This is the USOIL chart which shows us that the chart has formed a triple top pattern (shown in the picture) which you might think that the price will decrease but please note that there are two divergences which makes us think otherwise!
So there can be two scenarios:
1. The price breaks the support line and will decrease due to the regular bearish divergence (-RD)
and the triple top pattern!
2. The price can't break the support line and will obey the hidden bullish divergence (+HD)
and ignores the triple top pattern as well.
You just have to wait for the breaking of the support line which will happen in short time after that we can make deals with more assurance!
This is the USOIL chart which shows us that the chart has formed a triple top pattern (shown in the picture) which you might think that the price will decrease but please note that there are two divergences which makes us think otherwise!
So there can be two scenarios:
1. The price breaks the support line and will decrease due to the regular bearish divergence (-RD)
and the triple top pattern!
2. The price can't break the support line and will obey the hidden bullish divergence (+HD)
and ignores the triple top pattern as well.
You just have to wait for the breaking of the support line which will happen in short time after that we can make deals with more assurance!
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