WTI Day candles
1 first sign of strength:
the biggest volume in the last few days is the buyback of the fall,
have closed above the middle of the range and above the previous closing.
2 may be an absorption candle.
if we close the day above yesterday's opening,
is to confirm the local power of the market.
the biggest volume in the last few days is the buyback of the fall,
have closed above the middle of the range and above the previous closing.
2 may be an absorption candle.
if we close the day above yesterday's opening,
is to confirm the local power of the market.
Note
W: new Hi>prev Hi,
new Lo>prev Lo
confirm Up trend
1-st target 55.56 (38,2 % fibo)
2-nd target 57,49 (50% fibo)
Trade closed: target reached
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.