Light Crude Oil Reversal: Two Sell Fractals On Four Hour Chart

2016年9月4日

There are many sell signals.
1. Sell Fractals in effect (rectangles on chart).
2. Alligator jaws opened in tandem with sell Fractal.
3. Chop indicator (under chart) (indicates a trend or choppy action) is below the 38.2 shaded area. This indicates a strong trend coming that is down.
4. Phase energy (lower top indicator) is heading higher because of short-term bounce. Look for reversal at zero line.
5. Momentum (middle top indicator) is the 5/34 measure, and this is heading up, for now. I believe this will reverse.
6. Prices are trading below the Ichimoku Cloud.
8. Prices are trading below the Ki jun-Sen baseline of the Ichimoku Cloud .
9. The trend-line is heading down (thick golden line just below the Ichimoku Cloud ).

The sell signal will most likely trigger when RSI/ Stochastic (top indicator) reverses, and the phase energy starts to have red bars.
This has already happened on the one hour chart. I believe the path of least resistance is down. Don.