Here is a good opportunity to short the crude oil with a potential 800 pips profit trade ( R/R around 6 )
Accumulation of :
- Weekly trend ( blue ) - More weekly trend as resistance ( black ) - Others monthly trends ( red ) : far but still active - Fib 68.2 - Fib 78.6 - Resistance zone - Stochastic will be overbought : I will update this idea with a multi time frame stochastic system .
As always , I recommand to wait for a reversal sign .