Looking at the daily chart we see that price in crudeoil has reached a level at previous structure for a triple top formation. At that level in the lower timeframes we see price consolidating while in MACD we have a bearish divergence. Keep a closer eye for a sell setup to complete with selling the breakout of the consolidation being one option. I will personally use median lines to identify a sell setup (i will update this idea)
Daily Structure:
Daily Structure:
评论:
Price has broken below the trendline. We may start watching for sell setups