Oil giving us a HINT
Markets keep hitting ATHs, gold doesn't stop hunting for higher highs, and oil underperforms.
Anytime price reacts to a historic zone it either sells off or rallies, and then reverses to confirm if the reaction in price was indeed true/false.
In this example oil sold off brining us to point 'A' and is now at point 'B' which is the pullback phase also know as a continuation/pause to the overall trend. This happened during the times of 2019 and a larger pattern that lasted from 2011 - 2014. Each time this pattern played out in the oil markets negative outcomes occurred in the rest of markets.
To add more confluence to this TA I'm analyzing the MACD distribution patterns (the same way I analyze price action), the agreement and disagreement between the two, and how price action reacts around the EMA lvls.
We probably have about a year or less to earn more gains trading crypto and stocks till the market goes bust.
Anytime price reacts to a historic zone it either sells off or rallies, and then reverses to confirm if the reaction in price was indeed true/false.
In this example oil sold off brining us to point 'A' and is now at point 'B' which is the pullback phase also know as a continuation/pause to the overall trend. This happened during the times of 2019 and a larger pattern that lasted from 2011 - 2014. Each time this pattern played out in the oil markets negative outcomes occurred in the rest of markets.
To add more confluence to this TA I'm analyzing the MACD distribution patterns (the same way I analyze price action), the agreement and disagreement between the two, and how price action reacts around the EMA lvls.
We probably have about a year or less to earn more gains trading crypto and stocks till the market goes bust.
NathanAL
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