OIL? Hello?
CURRENCYCOM:OIL_CRUDE
Looking at this chart, we are about to do a move. But where? up or down?
According to TDIGM indicator we are squeezing and all 3 lines are at the same place, touching eachother (insert creepy smile gif here). Normally, that indicates a breakout.
Counting with Elliot waves I would say down, but maybe i'm wrong and i'm not seeing other patterns. Also, add that second COVID wave is near, as the number or infections started to grow again. Last time that happen, Oil went down, hard.
Not sure what will make me think otherwise and see a potential upside. Anyone?
Looking at this chart, we are about to do a move. But where? up or down?
According to TDIGM indicator we are squeezing and all 3 lines are at the same place, touching eachother (insert creepy smile gif here). Normally, that indicates a breakout.
Counting with Elliot waves I would say down, but maybe i'm wrong and i'm not seeing other patterns. Also, add that second COVID wave is near, as the number or infections started to grow again. Last time that happen, Oil went down, hard.
Not sure what will make me think otherwise and see a potential upside. Anyone?
Penafian
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