After the Daily Key Reversal last week which also helped form a doji on the WEEKLY, I am convinced that from this week and for the following 3-4 oil will go down. RSI and STOCHRSI have topped on the weekly and are reversing as well as the MACD.
My first target is $48 and then $44-42.5
My first target is $48 and then $44-42.5
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Expected Elliot ABCDE on 4H
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Added to my short at $51.55
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Possible bearish 3 dives pattern that will take us to our first target $49.5
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Today was a very tough day for shorts. I almost manually closed my position to prevent loss.
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Possble ABCDE on 5m that could break this so hated reistance of the past days
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