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Bearish CVX Analysis

Short
Chevron Corporation (NYSE:CVX)  
NoCeilingsTrading  
NYSE:CVX   Chevron Corporation
Trend Analysis Chart Patterns chevron shortsetup Bearish Patterns
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trendanalysis chartpattern chevron shortsetup bearish
  • This look like a nice bearish setup. Price broke structure, then rallied to test the previous low. Price did not make any higher lows, it meet resistance at the 50.0 fib level. A double top was created which is a bearish candlestick formation pattern. The previous daly candle look to have formed a bearish candlestick.
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