Can go short for CVX

23 May 2021

In a big picture (supercycle), you see (v) has ended and formed a Flat correction where (c) has not ended. Zone ~ 112 the price has formed double tops and false break (MACD showed bullish divergence as well) so we can use 112.86 as a supporting line for our short. 69.35 can be a good first target point because there's likely that this downtrend might have a 5th wave failure.