WTI Crude Oil reached the top of the December 2023 Channel Up as well as the dashed Channel Up that started after it crossed over the MA50 (1d).
This is a double sell opportunity.
Trading Plan:
1. Sell on the current market price.
2. Sell again if the price closes a (1d) candle under the dashed Channel Up.
Targets:
1. 82.00 (bottom of dashed Channel Up).
2. 79.00 (bottom of long term Channel Up).
Tips:
1. The RSI (1d) crossed into the overbought zone (above 70.00). That is an additional reason for a technical correction.
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Notes:
Past trading plan:
This is a double sell opportunity.
Trading Plan:
1. Sell on the current market price.
2. Sell again if the price closes a (1d) candle under the dashed Channel Up.
Targets:
1. 82.00 (bottom of dashed Channel Up).
2. 79.00 (bottom of long term Channel Up).
Tips:
1. The RSI (1d) crossed into the overbought zone (above 70.00). That is an additional reason for a technical correction.
Please like, follow and comment!!
Notes:
Past trading plan:
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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.
Join our private Telegram signals channel, with +70% accuracy for forex and crypto! 🎉
Also doing account management, earn +15% monthly profit!
👉CONTACT: t.me/tradingbrokersview
Stop gambling with your trades! 🎰
Start being profitable! 💰
Also doing account management, earn +15% monthly profit!
👉CONTACT: t.me/tradingbrokersview
Stop gambling with your trades! 🎰
Start being profitable! 💰
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.