Have you seen that huuuge red candle on WTI?
No doubt, the price reached a key monthly structure, and bears started to push.
In order to catch a swing move, keep monitoring a rising parallel channel.
For now, its support is the last resort for buyers to buy from.
Being broken, it will trigger a strong bearish move.
Next supports will be:
72.0
70.0
Remember, in case of an occasional bull breakout of a yellow zone,
setup will be invalid.
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Note
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✅Join My Telegram Channel: t.me/VasilyTrading
❗️YouTube Channel youtube.com/c/VasilyTrader
✅ Facebook: facebook.com/VasilyTrading/
⭐ My Forex & Gold Broker: bit.ly/vasilyforexbroker ⭐
❗️YouTube Channel youtube.com/c/VasilyTrader
✅ Facebook: facebook.com/VasilyTrading/
⭐ My Forex & Gold Broker: bit.ly/vasilyforexbroker ⭐
Related publications
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.