WTI OIL Buy Signal

Pattern: Channel Down on 4H.

Signal: Buy as the current bearish leg is forming a sequence similar to the September 01 – 14 leg = Death Cross, followed by a Triangle bottom. The signal is invalidated if the Channel breaks the Lower Low trend-line.

Target: The 4H MA200.

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Tradingview link:

https://www.tradingview.com/chart/USOIL/V2eEUq7V-WTI-OIL-Buy-Signal