CONFIRMATIONS
- Market closed with double bottoms which is a sign of a possible uptrend.
- Drew out my fib & it so far makes sense, its showing me the major areas where price has been rejected. I am waiting for price to hit my 38.2% fib, then I will enter for a sell.
- I will be looking for double tops which typically signify price might drop.
- Also will be looking for a doji or shooting star candlestick .
-Price is officially under my 50 moving average
- Im looking for price to retest then drop.
- On Tuesday crude oil inventories will be released.
- Market closed with double bottoms which is a sign of a possible uptrend.
- Drew out my fib & it so far makes sense, its showing me the major areas where price has been rejected. I am waiting for price to hit my 38.2% fib, then I will enter for a sell.
- I will be looking for double tops which typically signify price might drop.
- Also will be looking for a doji or shooting star candlestick .
-Price is officially under my 50 moving average
- Im looking for price to retest then drop.
- On Tuesday crude oil inventories will be released.