WTI Crude Oil - RSI Bullish Divergence
RSI plot disagrees with the price.
While the former made a new higher low back in Dec. The latter made a new lower low, simultaneously.
This bullish pattern was formed in a value zone established in a higher time frame.
Remember that this is no forecast, premonition or whatsoever. The future does not exist.
Technical analysis is merely stating what is, quantifying the battle between supply & demand and how it stands right now.
While the former made a new higher low back in Dec. The latter made a new lower low, simultaneously.
This bullish pattern was formed in a value zone established in a higher time frame.
Remember that this is no forecast, premonition or whatsoever. The future does not exist.
Technical analysis is merely stating what is, quantifying the battle between supply & demand and how it stands right now.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.