CBoT Beanoil possible short set up in the making

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We have a possible short set-up in the making here.
The beanoil MAY16 chart is of 11am CDT so the session in Chicago has not ended yet. The candle could be a 'shooting star' in the making which, principally, is a bearish sign and it is a reliable bode that the end of the move up is imminent.
More important, however, is that the chart is showing divergence between the development of price on one side and its RSI and MACD on the other side: price has made a new high yesterday whereas its RSI and MACD did not. This is a very strong sign that the market is overbought and needs correction. In addition comes the aforementioned 'shooting star' which adds to the reversal probability. Too early and too much of aggressive approach for this trader to enter a short play here and now already as we want to see a confirmation. We keep the gear in 'neutral' but will have a close look again during the session on Monday next. If and when we see a negative candle developing during Monday's session it would mean that an 'evening star' is in the making which is a reliable reversal pattern. This in combination with the divergence and the 'shooting star' legitimises a short play with a tight intra-day stop above the high of today.
Order storniert: The reversal pattern does not materialize as we were waiting for. The divergence remains, however, so we wait for the next set up.
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