EXPECTING BEARISH WTI
As seen in the screen shots released in the chat and trade alert channel... we see that WTI is currently at the top of its range and at an important resistance level which is the upper trend line, connect that with RSI being at the overbought zone and we have a higher probability of selling over buying.
The pattern we are trading is a CONTRACTION REVERSAL pattern which ususally has high chances of bears taking over.
As seen in the screen shots released in the chat and trade alert channel... we see that WTI is currently at the top of its range and at an important resistance level which is the upper trend line, connect that with RSI being at the overbought zone and we have a higher probability of selling over buying.
The pattern we are trading is a CONTRACTION REVERSAL pattern which ususally has high chances of bears taking over.
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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.
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.