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Fxprotrader
May 22, 2016 4:05 PM

Crude Oil Sell Off Is Coming Short

Crude Oil (WTI)FXCM

Description

Price in Crude Oil is moving into a wedge pattern. Looking in MACD we may see a bearish divergence so we should be prepared for a potential reversal. A breakout below the lower bond of the pattern will signal the sell off but first a sell setup should be complete before going short.
Comments
Rayge
maybe reverse today, double top?
Fxprotrader
The safest way is to wait for price to break below the trendline and watch for a correction before going short..
Ichimoku_Trader
Nice chart
Fxprotrader
Thank you mate..!
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