hey traders,
wti is testing a significant level of resistance,
on 4H chart we see a clear rejection of this level and formation of a double top pattern.
market is now breaking a local support level.
I will be waiting for a candle close below this support to open short.
targets will be based on structure.
good luck!
Note
Market closed below 64.0 supportNote
one more retest of the high and again bearish rejectionNote
the market is going down
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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.