{"id":11651,"date":"2021-11-03T08:27:36","date_gmt":"2021-11-03T08:27:36","guid":{"rendered":"https:\/\/tradingshot.com\/?p=11651"},"modified":"2023-05-05T08:29:49","modified_gmt":"2023-05-05T08:29:49","slug":"wti-oil-bearish-reversal-pattern","status":"publish","type":"post","link":"https:\/\/tradingshot.com\/index.php\/2021\/11\/03\/wti-oil-bearish-reversal-pattern\/","title":{"rendered":"WTI OIL Bearish Reversal pattern"},"content":{"rendered":"<p>&nbsp;<\/p>\n<p>WTI Oil is on a typical Bearish Reversal pattern and the first signs of this were given last week as posted on my most recent analysis:<\/p>\n<div class=\"tv-embeded-image\"><a class=\"js-embeded-chart-image tv-embeded-image__link\" title=\"WTI OIL Reversal confirmed if daily closes below the 4H MA100\" href=\"https:\/\/www.tradingview.com\/chart\/USOIL\/rQC8hUbN-WTI-OIL-Reversal-confirmed-if-daily-closes-below-the-4H-MA100\/\" target=\"_blank\" rel=\"noopener\"><img decoding=\"async\" class=\"js-image-lazy-load\" src=\"https:\/\/s3.tradingview.com\/r\/rQC8hUbN_big.png\" alt=\"WTI OIL Reversal confirmed if daily closes below the 4H MA100\" \/><\/a><\/div>\n<p>Right now the price is on Lower Highs, similar to the July peak and reversal fractal. If a 4H MA50 (blue trend-line) \/ MA100 (green trend-line) Bearish Cross is formed, it will confirm the sell target of the 1D MA50 (red trend-line). That is currently around the 0.382 Fibonacci retracement level and even though the price may dip even lower, that is a solid short-term short target.<\/p>\n<p>Tradingview link:<\/p>\n<p><a href=\"https:\/\/www.tradingview.com\/chart\/USOIL\/XElhY2Aj-WTI-OIL-Bearish-Reversal-pattern\" target=\"_blank\" rel=\"noopener\">https:\/\/www.tradingview.com\/chart\/USOIL\/XElhY2Aj-WTI-OIL-Bearish-Reversal-pattern<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp; WTI Oil is on a typical Bearish Reversal pattern and the first signs of this were given last week as posted on my most recent analysis: Right now the price is on Lower Highs, similar to the July peak and reversal fractal. If a 4H MA50 (blue trend-line) \/ MA100 (green trend-line) Bearish Cross<\/p>\n","protected":false},"author":611,"featured_media":11652,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[1638],"tags":[],"class_list":["post-11651","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-commodities"],"_links":{"self":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/11651","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/users\/611"}],"replies":[{"embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/comments?post=11651"}],"version-history":[{"count":2,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/11651\/revisions"}],"predecessor-version":[{"id":11654,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/11651\/revisions\/11654"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/media\/11652"}],"wp:attachment":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/media?parent=11651"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/categories?post=11651"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/tags?post=11651"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}