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TheCryptagon
Mar 8, 2023 3:55 PM

WTI CRUDE OIL Bearish under the 1day MA50 Short

WTI CRUDE OILTVC

Description

WTI Crude Oil closed yesterday under the 1day MA50 and inside this long term Triangle pattern, turned bearish, aiming at its bottom.

The RSI's Rectangle shows where to take profit (on its bottom), with our projection giving a 74.50 Target.

That is over the 0.786 Fibonacci and the botom zone of the Triangle.


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Comments
Mr_Kay_The_BM
it's a great idea. thanks for an update
Gold-Tech
I agree with the priority. We will keep an eye on the market
RLinda
Great chart, very useful for assessing the market situation, thanks for sharing)
Tolberti
Looks choppy, good job done!
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