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Mr.Pip

USOIL SHORT (Daily) #44

Short
CFDs on WTI Crude Oil (TVC:USOIL)  
Mr.Pip  
TVC:USOIL   CFDs on WTI Crude Oil
Trend Analysis Chart Patterns Crude Oil WTI priceaction
2
2
trendanalysis chartpattern usoil priceaction
K.I.S.S:

-Weekly Bearish Rejection Candle
-Price retraced to .50 fib on/at rejection candle
-Price broke steep trendline
-Price returned to broken trendline and retested + printed another rejection candle
-Price broke daily higher low with bearish candle
Market logically and technically looks bearish, 1:4.7RR isn't that bad.
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