Crude is nearing the apex of a descending triangle, but the conflicting signals across timeframes make this a tough read. The daily is breaking out to the upside, while the 4H is pushing lower — classic mixed market structure. Are we about to fake out in both directions before rolling over to fresh lows, or is this a genuine attempt to break higher? Honestly, both long and short setups feel like low-probability plays right now. Sometimes, the best trade is no trade.
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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.