hey guys,
confirmed bearish breakout of a rising channel on WTI.
the price has formed a perfect descending triangle first,
and after a couple of hours, it managed to break both the support of the triangle and support of the channel.
now we can expect a further bearish continuation.
most likely the price will retest the broken channel giving us the safest entry.
initial goal is 39.65
it is based on a major rising trend line on 4h/daily.
then we will wait for a reaction of the market on that.
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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.