WTI Crude is forming a nice setup known as "Reverse Opportunities" and if you wish to see my last setup like this then check my GBP/USD charting which should be attached below.
The market continuation sell entry is rather early and I prefer something much closer to my reflective charting.
However, the only delayed factor in this setup is that crude inventories will give volume and those fill levels could be the next opportunity for retail traders money to be taken by the brokers, market makers, bankers, and institutional firms.
Being that you do not understand my trading style or terminology...I have added a stochastic confirmation for you to use as well.
The Stochastics is charted at the value of 75, 50, and 25 ranging from Level 1, Level 2, and Level 3.
The blue line crossing through and below the orange line will trigger a price decrease so it's best to take your entry during this process above Level 1, Level 2, or Level 3.
Level 3 is the early entry and 1st opportunity.
Level 2 is the average entry and better opportunity.
Level 1 is the greatest advantage and best opportunity.
I really like the stochastic analysis. Waiting to buy at 53 price mark ... Hope to reach there next week :)