Fxprotrader
Short

Crude Oil: Triple Top & Bearish Divergence Show Sell

FX:USOIL   CFDs on Crude Oil (WTI)
Looking at the daily chart we see that price in crudeoil has reached a level at previous structure for a triple top formation. At that level in the lower timeframes we see price consolidating while in MACD we have a bearish divergence. Keep a closer eye for a sell setup to complete with selling the breakout of the consolidation being one option. I will personally use median lines to identify a sell setup (i will update this idea)

Daily Structure:
snapshot

Comment: Price has broken below the trendline. We may start watching for sell setups
Nice idea, look at mine!

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It looks good, thanks for sharing..
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seems to be breaking
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In order to have trend change price needs to take out previous lows. We should wait a little more..
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