ThinkingAnts
Short

"Top and Bottom Analysis" Us Oil (WTI) by ThinkingAnts

TVC:USOIL   CFDs on WTI Crude Oil
4H CHART EXPLANATION

- Price is currently on an Ascending Channel .
- As in the daily/weekly vision, we observe that price is on a confluence level ( Resistance Zone + Pullback).
- Bearish Divergence on MACD .
- If price breaks the Ascending Channel at 63.52, we expect a bearish movement towards 61.98 ( Support Zone ) and then to the Daily Ascending Trendline . We will be looking for sell setups on a lower timeframe.


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MULTI TIMEFRAME VISION:

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