Crude oil (WTI): Get ready for a meltdown

Target on chart, you can see how the different time at mode signals work together to give us a good idea of where price is headed.
I'll place my short orders now, hopefully I get a fill before it's too late. A retracement here would be terrific.
Good luck,
Ivan.

Note

I had gotten out of this short at 39 and flipped long.
Then closed longs at 44. Didn't expect such a large rally!
Interestingly enough, price stopped back at the downtrend mode, see?
If it breaks up, it has legs to hit 53-56.

IvanLabrie

Also on:

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.