TradingView
TradingShot
Mar 9, 2023 3:52 PM

WTI OIL Sell opportunity halfway through the bearish wave.Β Short

WTI CRUDE OILTVC

Description

β‹…
WTI Oil (USOIL) is on a short-term bearish wave after getting rejected on the Lower Highs trend-line of January 23. As the 4H MA50 (blue trend-line) is about to form a Golden Cross with the 4H MA200 (orange trend-line), we are opening a new short-term sell targeting 74.50, right above the Higher Lows trend-line. As you see every 4H Golden Cross has been a respectable sell entry, all of which aimed ad the Higher Lows trend-line.


-------------------------------------------------------------------------------

** Please LIKE πŸ‘, FOLLOW βœ…, SHARE πŸ™Œ and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! **

-------------------------------------------------------------------------------

πŸ’ΈπŸ’ΈπŸ’ΈπŸ’ΈπŸ’ΈπŸ’Έ
πŸ‘‡ πŸ‘‡ πŸ‘‡ πŸ‘‡ πŸ‘‡ πŸ‘‡
Comments
RLinda
β‹…
Cool idea) Strong set-up on the chart, I think the chance of luck is high)
Gold-Tech
β‹…
Thank you, it looks good. I think you are right
basictradingtv
β‹…
awesome work as always!
More