is the bearish phase over in crude?
1. price bounced from 200 wema and back into consolidation area
2. 40 week downsloping trendline break and price sustained above it
3. price to attempt to break 21 week base breakout
wait for structure change confirmation
2. 40 week downsloping trendline break and price sustained above it
3. price to attempt to break 21 week base breakout
wait for structure change confirmation
Note
still no structural confirmation, the pivot isnt violated yet. lets wait for price to break
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.