CL1! looking for a bearish oppertunnity
Updated
Good day traders,
Looking to short Crude. After a failed breakout on the 01-28 candle crude now developed a doji at the resistance line of this downtrend.
Looks like CL1! is not strong enough to break the trend line, the bears are in favor.
good weekend to you al,
Looking to short Crude. After a failed breakout on the 01-28 candle crude now developed a doji at the resistance line of this downtrend.
Looks like CL1! is not strong enough to break the trend line, the bears are in favor.
good weekend to you al,
Note
4H chart update:Still holding. after 618 retracement oil developed an evening star + an hanging man.
Looking for a target @ the previous lows. It has some fibonacci confluence. (1.272 extension and 1.414 inversion).
Trade closed: target reached
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