CRUDE | Ascending Channel Double Top Reversal Play ;)
On the HTF we have an ascending expanding structure from which we broke out of in a separated ascending channel at the HTF Double Top Highs. Price has pushed down and broke out of said channel and now it looks like we're forming a correction after the breakout. The SL size is a little too large for my liking to place an order now. We'll wait to see if we can get a tighter entry like smaller correction after the breakout.
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.