Short Setup on Crude Oil Futures by ThinkingAntsOk
Updated
Use this asa guide to develop your setup:
Main items we can see on the Daily Chart:
-The price was rejected from a major resistance zone.
-The ascending channel has been broken.
-Currently we can see a corrective structure (continuation pattern).
-Our forecast is a continuation of the bearish movement towards the next support zone.
-We will trade this instrument as it is shown on the char.
-We will cancel this trade if the price goes above the stop zone.
Main items we can see on the Daily Chart:
-The price was rejected from a major resistance zone.
-The ascending channel has been broken.
-Currently we can see a corrective structure (continuation pattern).
-Our forecast is a continuation of the bearish movement towards the next support zone.
-We will trade this instrument as it is shown on the char.
-We will cancel this trade if the price goes above the stop zone.
Note
Move your stop to Break-Even
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