on DAILY: CRUDE OIL is approaching a strong resistance in green so we will be looking for objective sell setups on lower timeframes.
on M30: this one is forming a wedge pattern in red but it is not valid yet, so we are waiting for a third swing to form around our lower red trendline to consider it valid and enter on its break downward.
we also have a regular bearish divergence on MACD adding more confluence to our setup.
on M30: this one is forming a wedge pattern in red but it is not valid yet, so we are waiting for a third swing to form around our lower red trendline to consider it valid and enter on its break downward.
we also have a regular bearish divergence on MACD adding more confluence to our setup.
This analysis is done using RichTL
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www.RichTL.com
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