VaidoVeek
Short

OIL | A Possible Short-term Reversal Area

TVC:USOIL   CFDs on WTI Crude Oil
Hi,

The red box marks a strong resistance area , it consists of:
1. The trendline since 2018
2. The round number 60
3. 3x AB=CD
4. Fibonacci Extension
5. Channel projection
6. 2017 High
7. Recently worked resistance area
8. Weekly EMA200
9. Monthly EMA50
10*. Wait for a bearish candlestick pattern around the red area.

Regards,
Vaido
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