WTI Crude Oil has been on Lower Highs even since the rejection on the Rising Resistance of the Megaphone pattern.
As suggested by the previous Bearish Waves, this is a sell signal, with the 4hour RSI following a similar pattern.
Sell and target 79.75 (-3.33%, symmetrical Bearish Wave), which is where the 4hour MA200 is expected to offer support.
Previous chart:
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As suggested by the previous Bearish Waves, this is a sell signal, with the 4hour RSI following a similar pattern.
Sell and target 79.75 (-3.33%, symmetrical Bearish Wave), which is where the 4hour MA200 is expected to offer support.
Previous chart:
Follow us, like the idea and leave a comment below!!
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