WTI Short Opportunity

When the market bounced from the uptrend line, we could expect an upward movement to the up border of a price channel. Now price is in a possible reversal zone formed by the downtrend line, 50.00 resistance level and the up border of the channel. It's short opportunity. When we get a confimed reversal signal, we'll have to open short trades. Stop orders for these trades must be placed above the local swing high and the downtrend line. Profit target should be at 47.00 level. A reversal signal will be confirmed when we see a bearish candle or a reversal candlestick pattern near the downtrend line and RSI reversal in the overbought zone.