West Texas Oil
Edukasi

WTICOUSD re-accumulation example 15 min with POS RSI DIV

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Closer look at the anatomy of that recent mark-up.

Confluence of factors:
Uptrend
strength in the background/evidence of accumulation
RSI oversold
RSI positive Divergence on volume into a key supporrt

You can see the demand to the left. SM stopped buying, allowing price to drift/shaking out remaining weak hands.
Spring below support on slight iincrease in volume

"no-supply" signal near spring
"push-through" entry seen at resistance .


PM with questions.

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