Possible short on crude oil. Break below support level is confirmation.
A downward wedge to a key level could reverse the trend to the target area. This is one to watch for the coming days/weeks.
Price breaks out of the wedge for a sudden drop. This is a short term target as I believe the price will continue on an up trend once support has been reached.
Double top at key level of resistance with divergence on the RSI indicator. A quick fall could follow. "Everything's got a price."
Price is moving in an upwards trend and has held support at a previous level of resistance. From this data, it seems that a continuation of the trend is highly likely, especially for short-term targets.
Price reached a key area on the daily and formed a double top. I believe that this has caused a trend reversal on the hourly, so now that the pull back has reached an area of previous support and resistance I believe the trend will continue down to the previous key area on the daily.
Price has moved in to a key area on the higher time frame which suggests that a pull back or trend reversal is likely. A double top in the key area, as well as divergence on the 30, has caused me to believe the trend will change to the opposite direction.
I believe that the trend will continue upwards, at least for a short while, and hit the target. Possible wedge forming which could suggest an outbreak in future.
Divergence at key area using the SMI by LazyBear suggests sharp fall down.
Previous resistance on the daily has now become support, which suggests there will be an uptrend to follow on the higher time frame. The wedge indicates that the breakout will likely come soon.
A pull back is expected on the daily due to a key area being hit during a trend. There is a wedge on the lower time frame which i believe indicates a sudden drop in price.
Double bottom and trend reversal. I believe the trend will continue upwards until it hits the key area of support.