hey guys,
WTI is retesting a key daily structure resistance.
the price has just been rejected on 1H and formed a double top formation.
to short I will be waiting for a breakout of the underlined yellow structure support (1H candle close below).
target levels will be 33.0 / 31.6
stop will be placed above the tops!
the price may coil for a while within the range of minor yellow support and resistance.
h&s may be formed as well.
be patient and don't rush!
being broken to the upside, setup will be invalid
Trade closed: target reached
T1 reachedTrade closed: target reached
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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.