CL: 10.10.2016
Daily chart - Long term upward trend, mid - term choppy, short-term downward movement. Two equal candles at horizontal and diagonal resistance and price close to diagonal and horizontal resistance.
Price action сигнал - Two equal candles - signal for downward movement
Indicators:
CCI(50) - in overbought area and tuning - negative signal
DeM(14) - in overbought area. When turning this will give us a signal for short.
SL: 51.20
Alternative scenario: If the price goes above the horizontal and diagonal resistance and makes a new peak, the negative scenario will change toward positive.
Jr_Trader_Sabriev
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