WTI 4HR Bearish Reversal - Waterfall Event Update
Updated
Midas Top Finder have reached its burnout point of 100% at 53.58. The actual high came in at 53.74. Indicating that a major or temporary HIGH is in place.
On the chart above, price have broken out to the DOWNSIDE of the major trend channel (in green) and have now formed a new channel (in purple).
This new channel only becomes valid if price close BELOW the bearish reversal of 52.66.
In that case the FIRST target will be the primary Midas Support Curve - in pink.
On the chart above, price have broken out to the DOWNSIDE of the major trend channel (in green) and have now formed a new channel (in purple).
This new channel only becomes valid if price close BELOW the bearish reversal of 52.66.
In that case the FIRST target will be the primary Midas Support Curve - in pink.
Trade active
Comment
Waterfall event is now in motion.Comment
Price Heading Lower
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