Brent Crude Oil = Weekly Up and Monthly Up Gold occur similar case on the 4H Time Frame while BCOUSD occur at 1H time frame -- reversal occur at Middle Daily Bollinger band.
Wednesday, March 3, 2021
Brent Crude Oil Technical Analysis Observation BCOUSD
Defying MACD and Stochastic signal when the support target has been completed - The trigger candle is the deep at 1H time frame defying its MACD but that will reverse fast and quick
Very similar case to Gold see below
The only difference where Gold = Weekly Down and Monthly Up - Reversal occur at the Bottom of weekly time frame (bollinger band)
Important 30 minute chart pattern to remember
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