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Superstarsony_05
Mar 6, 2023 5:53 PM

OIL STILL TO REDUCE PRICE TO LAST YEAR'S LOW Short

WTI CRUDE OILTVC

Description

Why this?
Price is approaching a high resistance zone and might surpass February's high, then move to the yearly highs of 82.50 giving a false bullish move and then sell more.
We can also spot the continuation pattern that shows price agreement tothe downside.
Where am I expecting price to sell to?
Well the lows of 2022 which is 70.00.

Please do share, and give a follow to support.

Comment

Price didn't seem to give the false breakout as expected but hit it's resistance point, we are still bearish.

Comment

Down below we go

Trade closed: target reached

We are done
Comments
TheCryptagon
Solid technical pattern, I've seen it work countless times on other assets as well.
Superstarsony_05
@TheCryptagon Thanks a lot, good to see patterns playing well
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