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:

https://www.tradingview.com/chart/CLQ2021/RhIphlS6-WTI-OIL-Channel-Up-rejection-shows-strong-pull-back-next