Hello everyone
Last day of the month and first day of the week. Let's take a look at oil.
Monthly:
I was expecting Kijun to hold. It did. Mac-d is crossed up. Chikou is however below price. There is head and shoulder set up as well. We just need to wait for one for more day to see the close.
Weekly:
Price is above TK. Mac-d is crossed up. Chikou is still below price however. Future kumo is bullish.
Daily:
Trendline from 2014 has been broken. Chikou is above price. Price is above TK and cloud.
I am looking to buy dip. Will it work? I dont know. That is why we have protective stop in place. It is just a high probability set up.
Take care.
Last day of the month and first day of the week. Let's take a look at oil.
Monthly:
I was expecting Kijun to hold. It did. Mac-d is crossed up. Chikou is however below price. There is head and shoulder set up as well. We just need to wait for one for more day to see the close.
Weekly:
Price is above TK. Mac-d is crossed up. Chikou is still below price however. Future kumo is bullish.
Daily:
Trendline from 2014 has been broken. Chikou is above price. Price is above TK and cloud.
I am looking to buy dip. Will it work? I dont know. That is why we have protective stop in place. It is just a high probability set up.
Take care.