jojofang0901

OIL Look for bearish price action to sell

Short
jojofang0901 Mis à jour   
TVC:USOIL   CFD sur Pétrole brut WTI

Hello traders:

OIL is also on my watchlist for potential sell opportunity.

We can see price has been moving up pretty impulsively from the bottom, and continue to push up.

What we see from the latest price action is after a bullish impulse up, price did not form further bullish continuations.

Instead, it begin to form a more corrective price action, hinting a potential reversal may come in.

We see the latest price had a false breakout on the HTF double tops area, and quickly had a bearish reversal impulse right back down

I would still wait for bearish continuation correction to form on the lower time frame and completes before getting in on the sell.

Thank you
Commentaire:
Commentaire:

I will NEVER message you to Sell Anything/Service For $.
100% Free Educational Trading Content.
NO Telegram, Discord, Whatsapp & Facebook.
Be Careful of Scammers, Impersonators/Fakers of ME on Those Platforms.
Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.