Idea for Light Crude Oil:
- Oil making a distribution and a high % topping pattern.
- The Reflation Overshoot Trade is over. Stagflation and Deflation trades should be considered.
- Oil is in a 13 year downtrend:
TRIGGER:
- Uptrend broken and confirmed to be a UTAD, then short the re-test (SOW)
GLHF
- DPT
- Oil making a distribution and a high % topping pattern.
- The Reflation Overshoot Trade is over. Stagflation and Deflation trades should be considered.
- Oil is in a 13 year downtrend:
TRIGGER:
- Uptrend broken and confirmed to be a UTAD, then short the re-test (SOW)
GLHF
- DPT
Trade active
Watch for this short: Trade active
Seems to be nearing the end: 
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.