Failed descending triangle. Not chasing this up move as Oil looks oversold on the 5/15/60/120 minute chart. Will long when blue line is re-tested ideally $46-46.50. Min target $52. Cut loss $45.
Technically Oil is still bullish as long as price is above the bottom green line.
Technically Oil is still bullish as long as price is above the bottom green line.
Order cancelled
WTI Crude did not pull back to $46 - $46.50 as expected.Trade did not go live.
Instead, I went short at the $51- $51.80 level on Oct 19.
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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.