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TradingShot
Dec 8, 2020 5:24 PM

WTI OIL Buy Signal Long

WTI CRUDE OILTVC

Description

Pattern: Ascending Channel on 4H.

Signal: Buy as the price just hit again the 4H MA50, which has been supporting since November 03. Keep another buy ready in case the price hits the 0.618 Fibonacci retracement level (Highs and Lows since November 06 are on a progressive sequence). MACD repeating the Nov 16-22 consolidation pattern.

Target: 48.00 (just below the 0.382 Fib extension).



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Comments
Mark_demariya
thank you so much nik
InkyGrip
Hi my friend! very accurate. thanks for sharing!! 🦐
JJMa
Just a question. I see a dip happening, using RSI on the 4-hr to track some bearish divergence. Do you have any reason to suspect a dip down to 42, or is this just a hypothetical "IF it dips" scenario?
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