🛢️☕ #OilNotCoffee | 📐 #TECHANALYSIS
📉 Oil appears to have formed a triangle in wave 4 and is poised for a major gap down on Monday, driven by OPEC+’s decision to accelerate production increases beyond initial plans.
Position:
▫️ Entered the weekend with short positions near peak exposure.
▫️ Critical level marked by the 100% red line.
▫️ Scenario suggests WTI prices won’t drop below $50 immediately—wave completion within the highlighted range may lead to an extended sideways phase.
Strategy Status:
▫️ This scenario has been executed successfully for an extended period.
⚠️ Disclaimer:
Our analysis is food for thought 💡, not trading signals 🚫📊.
Trade with cold-headed calculation ❄️, your own plan 📝, and independent analysis 👁️🗨️.
💬 Your Forecast?
🔄 Comment below ➡️: How do you assess the risks and opportunities? 🎯
📉 Oil appears to have formed a triangle in wave 4 and is poised for a major gap down on Monday, driven by OPEC+’s decision to accelerate production increases beyond initial plans.
Position:
▫️ Entered the weekend with short positions near peak exposure.
▫️ Critical level marked by the 100% red line.
▫️ Scenario suggests WTI prices won’t drop below $50 immediately—wave completion within the highlighted range may lead to an extended sideways phase.
Strategy Status:
▫️ This scenario has been executed successfully for an extended period.
⚠️ Disclaimer:
Our analysis is food for thought 💡, not trading signals 🚫📊.
Trade with cold-headed calculation ❄️, your own plan 📝, and independent analysis 👁️🗨️.
💬 Your Forecast?
🔄 Comment below ➡️: How do you assess the risks and opportunities? 🎯
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.
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.