Smart money bought really cheap

Hey everyone,

it looks like smart money bought really cheap in Covid crysis turn and now the prices are really high
Fundamentals are all bad sh1* all here and there now but the chart and TA indicators speaks for itself on this Weekly chart for me.

What I see is rising wedge formation with bearish divergence all over major indicators with very likely double top formation.

I would wait a little bit more for that bear diverged MACD to cross out to enter levearaged short on this oil setup.

This Oil & BTC bubble is so much fun to ride

Money about to moove and sentiment clima about to change very soon very likely



Chachain

KEYWORDS
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ความคิดเห็น:

Oil lost 9.6 USD which is -8.16% MACD cross very likely to happend next weeks

ความคิดเห็น:

Oil lost something around 20% since the short call and its about to reach its first possible support zone when bulls might be entertained and enter into a bull trap (so wave B up before lower C soon in my opinion)

** bull divergence on hourly

ปิดการเทรด ด้วยตนเอง:

This is it ... MACD histogram showing divergence. This might not be the bottom yet but it looks fine and safe with nice profits to leave this setup a
bit earlier

ความคิดเห็น:

Looks like this is the bottom formation and its time to go long


www.tradingview.com/...-long-setup-for-oil/