We have 2 instances of MACD Bearish Divergence along with some RSI Divergence and a potential for there week to confirm a Bullish 3 Line Strike if the weekly can close below the last 3 bullish candle bodies. Based off of this i think Occidental Petroleum will be coming back down to $35.00
We have a Bullish 3 Line Strike at the PCZ of a Bearish Alt-Bat on this Bullish ETF for US Crude Oil and are showing Bearish Divergence after taking out the Price-Action of more than 3 of the previous Bullish Days with one Bearish Day this signals to me that the major Bearish reversal is about to begin.
On a side note the MACD has crossed Bearishly.
We have a Bearish Engulfing on the Monthly along side with extreme amounts of RSI Bearish Divergence and soon the MACD will be crossing bearishly for the first time since 2018. In the past the monthly bearish crossing has lead to at least a 30% correction back down to the 55 Month SMA.
One last thing to note is that if this Monthly Candle continues down a little...
We got a Pseudo Bullish 3-Line-Strike with Bearish Divergences on the RSI and a bit of Tweezer Top action NEAR the PCZ of some AB=CD Patterns. I expect to see this go down towards the 10 dollars area in the NEAR future.
Here's a Close up on the 4 Hour 3-line-strike/tweezer top price action:
We have Bearish Divergence on both the MACD and RSI. I previously pointed out this ABCD on a different chart but today we got one of the most Bearish Daily Candlestick Pattern Confirmations that we could ask for at these levels and it is in the form of a Bullish 3 Line Strike and are Diverging on Both indicators.
I will have stops above the terminal bar's high...
