Crude Found a Bearish Channel?

FX:USOIL   CFDs on Crude Oil (WTI)

To all Channel traders, see if this can help. If Crude has finished constructing the channel within which price will progress during its next move down, the marked channel on the chart could provide the framework within which short trades can be taken. Note that this is a 240 channel exploded on the 60 world. Profits can be taken every time price takes out a channel level, remembering that once a target has been taken out, that line becomes not a target after a retracement. Its the next channel line down that becomes the target. Thank you.


Home Stock Screener Forex Screener Crypto Screener Economic Calendar About Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter