WTI Crude Oil Bearish Rejection Setup 🛢️📉
Chart Summary:
Timeframe: 30-Minute
Current Price: $67.56
EMA 70: $68.04 (acting as dynamic resistance)
Technical Analysis:
1. Trend Channel: Price is moving within a clear descending channel, respecting both upper and lower boundaries.
2. Lower High (LH) and Lower Low (LL): Confirming downtrend continuation.
3. Resistance Zone (68.41–68.97): Strong supply area aligned with previous HL and EMA 70 — ideal for rejection.
4. Price Projection: Price is expected to retest resistance, then reject sharply toward the target at $65.00.
5. Risk-Reward Ratio: ~3.39 points move, representing ~5% downside potential.
Strategies Used: ✅ Trendline & Channel Analysis
✅ EMA Rejection
✅ Market Structure (LH, LL)
✅ Supply & Demand Zone
✅ Price Action Projection
📍Bearish Bias remains valid unless price breaks and closes above $68.97.
🎯 Target: $65.00
🔐 Watch for reversal signals near resistance to confirm entry.
Chart Summary:
Timeframe: 30-Minute
Current Price: $67.56
EMA 70: $68.04 (acting as dynamic resistance)
Technical Analysis:
1. Trend Channel: Price is moving within a clear descending channel, respecting both upper and lower boundaries.
2. Lower High (LH) and Lower Low (LL): Confirming downtrend continuation.
3. Resistance Zone (68.41–68.97): Strong supply area aligned with previous HL and EMA 70 — ideal for rejection.
4. Price Projection: Price is expected to retest resistance, then reject sharply toward the target at $65.00.
5. Risk-Reward Ratio: ~3.39 points move, representing ~5% downside potential.
Strategies Used: ✅ Trendline & Channel Analysis
✅ EMA Rejection
✅ Market Structure (LH, LL)
✅ Supply & Demand Zone
✅ Price Action Projection
📍Bearish Bias remains valid unless price breaks and closes above $68.97.
🎯 Target: $65.00
🔐 Watch for reversal signals near resistance to confirm entry.
Trade closed: target reached
Note
target reached fighters enjoy your special profits with us
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join my tellegram channel
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join my refferal broker
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t.me/JaMesGoldFiGhteR786
join my refferal broker
one.exnesstrack.org/a/g565sj1uo7?source=app
Related publications
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.