WTI Crude Oil Rejection Short Setup Break Below Macro Trendline

May 20

📊 Market Context & Pattern Recognition
Asset/Timeframe: WTI Crude Oil (TVC) — 2-Hour (2h) Chart.
Current Price: $103.00 USD.
Pattern: Rejection at Resistance & Trendline Breakdown. The price has rallied heavily into a critical horizontal supply zone (marked by the yellow "Resistance" block) and is showing immediate signs of exhaustion.
Indicators: A bearish crossover is forming as the price slips out of the upper Ichimoku cloud region. The projected path indicates an impending breakdown below the primary ascending black macro trendline.
📉 Key Levels Identified on Chart
1. Entry / Resistance Zone
Range: $102.50 – $103.20
Significance: This major horizontal block represents a strong historical distribution area where sellers are aggressively capping further upside.
2. Take Profit Targets
Target 1 (Immediate): $98.50
Significance: Indicated by the first red downward arrow. This target aligns with the immediate liquidity pool right below the ascending black support trendline.
Target 2 (Main Target): $94.00
Significance: Indicated by the second red downward arrow. This targets major historical horizontal structural support before reaching the absolute macro "Support" floor ($90.30).
3. Invalidation (Stop Loss)
Level: $104.20
Significance: A clean 2-hour candle close above the yellow resistance block completely invalidates this bearish breakdown thesis.

May 21

Trade active

The analysis got successfully at 1st Target