Charlieab94
Short

US Oil Short Trade Set Up *INTRADAY TREND REVERSAL*

TVC:USOIL   CFDs on WTI Crude Oil
After buying US Crude for many weeks, we have seen one final push up to highs of over $65 per barrel this week before the news died down and it appears we have avoided WW3.

Price has now broken the intraday bullish trendline and made a nice lower low on the 4hr timeframe.

Option 1 = Pullback in to broken TL, lower high to form, reject the 0.618 fib and $63 price level. Enter short in the hopes of new lower lows to be made.

Option 2 = Price consolidates here for a few days before continuing lower. ( flag pattern set up)

Prediction, new lower lows to be made at some point. Price to tech $55 support zone as a final TP.
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