Crude (WTI) (CL_F) has shown a very ominous sell signal via the DeMark
9 setup and DeMark
13 countdown. The pattern now has 13-15 bars to develop the sell conditions otherwise the setup is negated. Look for bearish
price action or sell the close below the 13 bar low (c.$62.00) to target c.$47.00 which is the TD
setup low of the no1 bar of the setup 9 count. DeMark
recommends for an aggressive sell to sell the break of the low of the first No1 bar in the opposite direction after the 13 print. This would be short below $61.80 and would be my recommendation.