this is what I see on 
USOIL chart :
- trend line forming in the middle of parallel channel
price crossing it could create hesitation.
- RSI had similiar pattern but already brake out
- ADX makes a lower high. This could indicate a sideway movement.
should wait for new trend to take place
USOIL chart :- trend line forming in the middle of parallel channel
price crossing it could create hesitation.
- RSI had similiar pattern but already brake out
- ADX makes a lower high. This could indicate a sideway movement.
should wait for new trend to take place
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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.