Crude Oil downtrend coming Short
Opis
⋅ CURRENCYCOM:OIL_CRUDE NASDAQ:QQQ AMEX:USO
I am short at the 73s on that rising wedge crack, of which I closed most at the low 72s today. Looking to short the spikes into the week.
Analysis explained:
~ Massive head resistance, left shoulder rejection at the 73s.
~ A *Rising Wedge* within a downwards pointing *Megaphone*.