AS_Futures_FX

CL Double top on 4hrly Timeframe?

Short
NYMEX:CL1!   Light Crude Oil Futures
Looks like we might get a short trade here. CL rejected in the sell zone this morning and can form a double top pattern here. I would still wait for the current 4hr candle to close below $75.83 to go short

Entry - 75.83 (I would wait for the current candle to close below this level in 4 hr timeframe)
Stoploss - 76.4 ( I would like to see a close above this level on 4 hr timeframe if the trade is executed)
First target - 74
Final Target - 72.5

Please share your views. Thank you!
Trade active:
Looks like we got a 4 hr close below 75.83. We enter short here

Entry - 75.22
Stoploss - 76.4 ( I would like to see a close above this level on 4 hr timeframe)
First target - 74
Final Target - 72.5
Trade closed: stop reached:
Our Stop loss was reached and hence our trade was closed.
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.