Search
Products
Community
Markets
News
Brokers
More
EN
Get started
Community
/
Ideas
/
OIL Look for bearish price action to sell
CFDs on WTI Crude Oil
Short
OIL Look for bearish price action to sell
By jojofang0901
Follow
Follow
Updated
Mar 10, 2021
1
0
1
Cheer
Cheer
58
58
Mar 9, 2021
Hello traders:
OIL is also on my watchlist for potential sell opportunity.
We can see price has been moving up pretty impulsively from the bottom, and continue to push up.
What we see from the latest price action is after a bullish impulse up, price did not form further bullish continuations.
Instead, it begin to form a more corrective price action, hinting a potential reversal may come in.
We see the latest price had a false breakout on the HTF double tops area, and quickly had a bearish reversal impulse right back down
I would still wait for bearish continuation correction to form on the lower time frame and completes before getting in on the sell.
Thank you
Mar 10, 2021
Comment
Mar 18, 2021
Comment
Chart Patterns
correction
Flag
impulse
Parallel Channel
pattern
priceaction
structure
Wedge
jojofang0901
Follow
Follow
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the
Terms of Use
.