WTIUSD
Trading Bias: Long
Technical Strategy: Support level + Wave Indicator Divergence + Falling Wedge
Check related idea also.
Trading Bias: Long
Technical Strategy: Support level + Wave Indicator Divergence + Falling Wedge
Check related idea also.
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Although we have a great divergence signal, this was never backed up by an appropriate price action signal. Fundamental analysis also suggests a short-medium term oversupply in this market which is serving to cool prices into what is now a bear market territory. Waiting for a break below this support level and then continue to look for further short positions
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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.