1 Hour Time Frame WTI CRUDE
So Far based on my 5D Chart we still within the Triangle and after a retest at resistance the expectations is for a smooth drop to roughly 79 by end of the week. I now decided to do an analysis on a 1H time frame to follow a bit more often and keep an eye on a breakout,. I highlighted the Top purple and Bottom purple lines as potential targets should we have a break out on either the BUY or SELL ZONES. For Scalpers I highly reccommend staying away from the Yellow Zone, once we are out of thaty area it should give you a better picture on where the trend goes.
Hope I am right with this but I base this only on Trend, Volume and the Oscilator Matrix.along with the EMA at 200.
Hope I am right with this but I base this only on Trend, Volume and the Oscilator Matrix.along with the EMA at 200.
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.