WTI Crude oil short biasBearish Bias
- Trend line resistance test
- high volume proflie node test as resistance
- supply zone
- commonality between move from 5/27 to 5/30, and current move from 6/17 to 6/21 both in time and price movement
Commonality
Reverse Harmonic TraidingI saw this setup where all the target profits of this Bullish Gartley were met but noticed a Double Top pattern forming. I decided to analyze this setup and found Commonality Zones at two different Fibonacci points (78.6%) that were acting as Resistance.
Also, I spotted a Harami Candlestick pattern that acted as my sell signal. Overall this trade reached my conservative Target Profit of 20 pips but went further South for more.
I'm very happy with this outcome and with the progression of my Technical Analysis skills.
