Oil completed an AB=CD harmonic pattern at PRZ (Counter trend! )
Oil just completed an AB=CD move at a very important PRZ. WE do have bearish divergence on the RSI already and i am expecting a possible reversal at this level. Look for clear bearish evidence since it is a counter trend trade
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Strong rejection and bearish divergence on 1H!
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Idea still valid but no good signal yet, Oil inventory tomorrow!
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Looking good if this daily candle close like this, then we may get much more down on this trade!
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If this last lower high got confirmed then we still looking good here.
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Oil broke new highs as oil rigs count continue to decline.
Ida invalidated.
Ida invalidated.