Dilinger_095
Short

Some red candles are coming?

TVC:USOIL   CFDs on WTI Crude Oil
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5
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Good morning guys !!!
Sorry for the miss, let's take a look at the daily situation.
The wti has reached a critical level for the mid term, and later I will explain why.
Prices are sustained by a well-defined trendline (see the red TL), and the market cycles are very similar, both in terms of duration and price objectives.
So I hypothesized a cycle of 50 bars for the current movement (to be abundant), waiting for clear short entry signals.
1 signal: the cycle is terminating, correction is coming (it has already started)
2 signal: breaking EMA 7 daily. The last closing has stopped above EMA 7, if today's candle will be red, the signal will be confirmed.
3 signal: the structure in H1 has been compromised (look at the chart in the comments).

So my direction for the next days is short. If something changes, I will give you updates.

Good day and good work!!!
Comment:
Comment: Watch for pullback confirmation and sell again

Trade closed manually: After 5 dollars, I think it's time to close. Now will probably start the up movement.
Good luck guys!!!
When news paper shout the oil price ll fall
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Based on the 1D Channel Up, the current levels are a Higher Low. We are bullish with TP = 77.60:

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Looks good so far. Thanks for posting
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What t1 level
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