WTI Crude Oil has been declining rather sharply since September 28th and today's green (1d) candle should give way to a new low tomorrow.
Based on the (1d) RSI sequence, this fall resembles the fractals of November 2022 and April-May 2023.
Both rebounded to the 0.5 Fibonacci level after pricing their respective bottoms.
Trading Plan:
1. Sell on the current market price.
2. Buy at 78.15 (MA200 1d and a little over Support 1).
Targets:
1. 78.15 (MA200 1d and a little over Support 1).
2. 86.30 (Fibonacci 0.5 level).
Tips:
1. Both sequences traded sideways after bottoming for around 2 months. This will be an excellent scalping opportunity. Take advantage of it.
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Notes:
Past trading plan:
Based on the (1d) RSI sequence, this fall resembles the fractals of November 2022 and April-May 2023.
Both rebounded to the 0.5 Fibonacci level after pricing their respective bottoms.
Trading Plan:
1. Sell on the current market price.
2. Buy at 78.15 (MA200 1d and a little over Support 1).
Targets:
1. 78.15 (MA200 1d and a little over Support 1).
2. 86.30 (Fibonacci 0.5 level).
Tips:
1. Both sequences traded sideways after bottoming for around 2 months. This will be an excellent scalping opportunity. Take advantage of it.
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.