No firm swing buy signal yet, but there is a double "maybe"
We need Oil to stop printing lower lows. Then the two time frames positive haDelta divergence may start to push Price towards a correction (reaction)
- Daily bearish momentum seems to decrease slowly.
- 4H price should not make a lower low below 27,60, then it could first clear inner red trendline and start a Kumo retest first
- Possible retracement targets can be 30 +/-, above 30,20 we could see more short covering rally to reach next and stronger daily bearish support ard 33,50-34,00
- Daily bearish momentum seems to decrease slowly.
- 4H price should not make a lower low below 27,60, then it could first clear inner red trendline and start a Kumo retest first
- Possible retracement targets can be 30 +/-, above 30,20 we could see more short covering rally to reach next and stronger daily bearish support ard 33,50-34,00