Get started
murattpics

WTI Crude Oil False Break?

CFDs on Crude Oil (WTI) (FX:USOIL)  
murattpics Updated   
FX:USOIL   CFDs on Crude Oil (WTI)
Trend Analysis Chart Patterns Crude Oil WTI
1
0
trendanalysis chartpattern usoil
Keep in mind that any oil shorts are counter-trend trades.
Better is to wait for a false break to occur on a 4 hour TF.
Comment:
Price has broken aggressively 64.00 level, if price comes back and closes below 64.00 level with high momentum we can look for sells.
Comment:
Price has moved as expected, we can look for more downside.
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.