WTI H4 / A KEY LEVEL FOR OIL 🛢📊
Updated
Hello Traders!
This is my perspective on WTI H4. OIL is currently at a key level, and I'm waiting for a confirmation. At the moment, OIL is in a bearish channel pattern and has now reached the resistance level. I anticipate a move until the OB from the price of 78.200. Additionally, there is a significant possibility of a strong bearish move down to the price of 65.000. If there is confirmation of a retracement from the resistance level, I will execute a short trade.
Traders, if you liked my idea or if you have a different vision related to this trade, write in the comments. I will be glad to see your perspective.
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This is my perspective on WTI H4. OIL is currently at a key level, and I'm waiting for a confirmation. At the moment, OIL is in a bearish channel pattern and has now reached the resistance level. I anticipate a move until the OB from the price of 78.200. Additionally, there is a significant possibility of a strong bearish move down to the price of 65.000. If there is confirmation of a retracement from the resistance level, I will execute a short trade.
Traders, if you liked my idea or if you have a different vision related to this trade, write in the comments. I will be glad to see your perspective.
____________________________________
Follow, like, and comment to see my content:
tradingview.com/u/GoodTradeST/
Trade active
Hello Traders!As you can see, the resistance level was pierced. I consider this move a good opportunity to enter short, because the retracement comes from the OB.
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