WTI CRUDE OIL Bearish under the 1day MA50
WTI Crude Oil closed yesterday under the 1day MA50 and inside this long term Triangle pattern, turned bearish, aiming at its bottom.
The RSI's Rectangle shows where to take profit (on its bottom), with our projection giving a 74.50 Target.
That is over the 0.786 Fibonacci and the botom zone of the Triangle.
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The RSI's Rectangle shows where to take profit (on its bottom), with our projection giving a 74.50 Target.
That is over the 0.786 Fibonacci and the botom zone of the Triangle.
Follow us, like the idea and leave a comment below!!
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