West Texas OilShort
WTI. The upward movement is coming.
At the moment, the trading instrument is probably in the correction phase, but the correction is nearing completion, as we are told by the formed liquidity pool, upon crossing of which we will break the downtrend.
Based on my vision of the market, I can add the following, in order for the price to start an upward movement, which the formed liquidity pool indicates to us, market participants need to increase the volume of purchases in the discount zone, which starts below the price mark of 74.00, which, I believe, will affect price chart in the form of a price reduction, where we will enter the market to buy.
Entry into positions is carried out only when a confirming pattern is formed.
Dear friends, if you have any questions about the description, please write in the comments.
Based on my vision of the market, I can add the following, in order for the price to start an upward movement, which the formed liquidity pool indicates to us, market participants need to increase the volume of purchases in the discount zone, which starts below the price mark of 74.00, which, I believe, will affect price chart in the form of a price reduction, where we will enter the market to buy.
Entry into positions is carried out only when a confirming pattern is formed.
Dear friends, if you have any questions about the description, please write in the comments.
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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.