WTI Crude Oil continues to trade inside the Channel Down that started after the September 27th High.
The MA50 (4h) recently supported the price and provided today's rebound.
Based on the prior bullish leg, one last pull back remains in order to test the top of the Channel Down.
Trading Plan:
1. Buy on the MA50 (4h).
Targets:
1. 75.00 (MA200 (4h) and top of the Channel Down).
Tips:
1. The RSI (4h) sequences among the two bullish legs are identical, confirming the bullish sentiment after a pull back.
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Notes:
Past trading plan:
The MA50 (4h) recently supported the price and provided today's rebound.
Based on the prior bullish leg, one last pull back remains in order to test the top of the Channel Down.
Trading Plan:
1. Buy on the MA50 (4h).
Targets:
1. 75.00 (MA200 (4h) and top of the Channel Down).
Tips:
1. The RSI (4h) sequences among the two bullish legs are identical, confirming the bullish sentiment after a pull back.
Please like, follow and comment!!
Notes:
Past trading plan:
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