Jahir_Jack

Crude oil 4h chart, technical looks weak.

TVC:USOIL   CFDs on WTI Crude Oil
Crude oil 4h technical-looking weak. Bear pennant on the price itself and a rising wedge on 4h RSI both combination suggests a strong bearish sentiment. upcoming week we can witness so many stupid repeated news like economic slowdown, trump - china, Iran war, trade war,. and so many never-ending shits. so, technically we have to gauge the price where it's heading next.

Expected short term target 50 and 48.

Reasons and Confluences:
1. Bear pennant on the price itself.
2. Rising wedge on the 4h RSI .
3. Elliott Wave ABCDE pattern.
Oct 11
Comment: Hit and run. this is one of the most stupid analysis I've ever done and the Market proved how fool my analysis was.
Home Stock Screener Forex Screener Crypto Screener Economic Calendar Shows How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Help Center Refer a friend Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out