āļŠāļąāļāļāļēāļāļēāļĢāļāļ·āđāļāļāļēāļĒāļŠāđāļ§āļāļāđāļēāļāļāđāļģāļĄāļąāļāļāļīāļ WTICRUDE OIL (WTI) Multi Time Frame Analysis & Technical Outlook ðĒ
āļāļĩāđāļāļąāļāđāļāļ:
Hey traders,
WTI crude oil is steadily growing within a rising parallel channel.
The price is coiling around its resistance for the last two weeks.
Analyzing the reaction of the price to that structure, I spotted a peculiar horizontal range on 4H.
116.6 - 118.0 is its support.
Wait for its bearish breakout as your trigger to sell.
Then a bearish continuation will be expected to 112.4
If the price breaks the resistance of the range, the setup will be invalid.
âĪïļIf you have any questions, please, ask me in the comment section.
Please, support my work with like, thank you!âĪïļ
āļāļąāļāļāļķāļāļāđāļ§āļĒāļāļģ
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