OIL Short term sell plan
Hi everyone
West Texas Oil is looking good for a short term sell setup.
When we zoom out to look at the overall price and structure, we see a massive bull move to the upside after recovering from the oil dropped since mid February.
What I expect price to do is to form a larger correction before another bull run continues.
Currently we see the price forming this large structure, hitting a recent double tops.
Whats important is price correctively move up to the top of this structure, indicating a short term bearish move can happen before the continuation of the long term buy.
I will wait for a clear dropped from lower time frame and a continuation correction to add into the sell.
if you like my analysis, please like, follow, and comment. I welcome all kinds of feedback, suggestions and opinions, thank you.
West Texas Oil is looking good for a short term sell setup.
When we zoom out to look at the overall price and structure, we see a massive bull move to the upside after recovering from the oil dropped since mid February.
What I expect price to do is to form a larger correction before another bull run continues.
Currently we see the price forming this large structure, hitting a recent double tops.
Whats important is price correctively move up to the top of this structure, indicating a short term bearish move can happen before the continuation of the long term buy.
I will wait for a clear dropped from lower time frame and a continuation correction to add into the sell.
if you like my analysis, please like, follow, and comment. I welcome all kinds of feedback, suggestions and opinions, thank you.
Catatan
Catatan
Price broke out of the channel now, wait for confirmation of a continuation correction and look for short down.
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Publikasi terkait
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.