WTIUSD OIL bearish
WTI broke below a key long-term pennant that had been squeezing the price action earlier in the week, with some technicians taking this as a sign that WTI will fall back towards support in the $90 area.
Projection would be 60. But on Mediumterm i think we will have conditions to go to 93.50 or 90.00. Would be our targets.
I will be a false breakout we will recover to retest ma50 4h near 102 area.
For now seems we retested today the pennant and we have conditions to have an impulse to the downside.
Targets. Supports, Resistances on chart.
I will love to read your comments. Please put a like, join use following and give us your comment.
Be carefull, patient and discipline.
❗ DISCLAIMER ❗
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market.
But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. You deserve the profit and you are responsible for your potential loss.
Only you can be responsible for your trading.
Any opinions, news, research, analyses, prices, or other information discussed in this presentation or linked to from this presentation are provided as general market commentary and do not constitute investment advice.
This Plan can be changed anytime, depending on how the price will arrive at the level and what will be happening on my level of interest for entry. Then I will decide if I will enter or not.
So please don't just blindly follow this. The author of the analysis does not accept liability for any loss or damage.
Legal Risk Disclosure
Trading foreign exchange or CFD on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you.
Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite.
The possibility that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose.
You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor.
The FX market is a quickly changing environment and it requires full focus on the levels for the precise entry with low risk.
WTI broke below a key long-term pennant that had been squeezing the price action earlier in the week, with some technicians taking this as a sign that WTI will fall back towards support in the $90 area.
Projection would be 60. But on Mediumterm i think we will have conditions to go to 93.50 or 90.00. Would be our targets.
I will be a false breakout we will recover to retest ma50 4h near 102 area.
For now seems we retested today the pennant and we have conditions to have an impulse to the downside.
Targets. Supports, Resistances on chart.
I will love to read your comments. Please put a like, join use following and give us your comment.
Be carefull, patient and discipline.
❗ DISCLAIMER ❗
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market.
But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. You deserve the profit and you are responsible for your potential loss.
Only you can be responsible for your trading.
Any opinions, news, research, analyses, prices, or other information discussed in this presentation or linked to from this presentation are provided as general market commentary and do not constitute investment advice.
This Plan can be changed anytime, depending on how the price will arrive at the level and what will be happening on my level of interest for entry. Then I will decide if I will enter or not.
So please don't just blindly follow this. The author of the analysis does not accept liability for any loss or damage.
Legal Risk Disclosure
Trading foreign exchange or CFD on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you.
Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite.
The possibility that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose.
You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor.
The FX market is a quickly changing environment and it requires full focus on the levels for the precise entry with low risk.
Trade active:
In terms of waves counting i think we already started the 5 wave with 90 as a target
