We have a signal on WTI early on Asia morning that after a fresh contract. And this signal has made its TP1 52.5 hit already.
On this chart, WTI had made itself up to the blue resistance, we expected a really good chance that it will correct down first before starting a new swing up break the blue resistance level.
And the channel is used for a potential support zone for the end of corrective wave 2. After that, we still want to see a bullish trend for WTI to hit 59.5 again.