Time to decide

Oil has been sideways for quite a while and unable to make a new high. Since Opec agreement doesn't seem to have any real effect, it seems that it is now ready for a new bear trend. Note how this two volume indicators show there's been more downward interest even before last daily high. Targets along the pitchfork channel.
Thanks for your comments.

Yorum:

Idea still valid and signal is now active.

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Notice the importance of pitchfork's channels.

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Behaviour of the volume indicators is still the same.

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One month later and still no decision. I think the next trending phase will be very strong and I still think it will be downwards.

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