RizeSenpai

US Oil Looking to Get Rekt at The PCZ of a Bearish Alt Bat

Short
AMEX:DBO   Invesco DB Oil Fund
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.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.