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KlejdiCuni
Nov 22, 2021 9:47 AM

USOIL: Time To Watch For Sell Short

WTI CRUDE OILTVC

Description

The price is facing a strong resistance area near the top of the structure.
The resistance line is based on two previous highs dating on 08-Mar-21 and 05-July-21.
During the third touch of the line on 25-October-21, the price tried several times to move above but couldn't do that.
Actually, it looks like it will move down for the next wave of the pattern.
Price can correct higher up to 78.26 - 79.10. This would be also our price zone where we will see to sell on this setup.

Thank you and Good Luck!

Trade closed: target reached

Trade closed: target reached

Comments
OccupyInvesting
to perfection
SignalProvider
I am also bearish bro
Vibranium_Capital
Makes perfect sense, good work
Helical_Trades
Nice and clear !
Thanks
ForexTrendline
awesome job!
CobraVanguard
good work man
FieryTrading
Looking good mate, thanks for sharing!
TradingBonus
Clean trade. Good work!
Stargazer_fx
thanks for the analysis
FOREXN1
Thanks for sharing your analysis :)
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