Tuesday, February 3, 2015

Crude oil

Just about 80 RSI on H4... went to the previous highs, bearish candles on D1 and H4,....Right at 200 ema on H4... I mean, this is a set up for sure. Let's see what's going to happen here.
RSI officially hit 80 on H4,  and went above the 200 ema for a second, if it goes any higher from here i'm broke and my life is pretty much over. I would honestly expect this market to come down about 10% from here.  When h4 momentum goes below 50, that will basically be my highest % signal possible, literally. H4 rsi 80+, D1/H4 bear volume candles, and super strong trend. That's everything,, for now we have everything but the momentum.

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