WTI OIL Channel Up rejection shows strong pull-back next


Pattern: Channel Up on 1D.

Signal: Sell as the price got rejected on the Higher Highs trend-line of the Channel Up. This will be confirmed once the 1D MACD makes a Bearish Cross.

Target: The 4H MA200 initially (red trend-line) and the 1D MA50 (blue trend-line) in extension where yuo can shift to a buy.

Tradingview link:


Add a comment