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RaynLim
Jul 2, 2023 3:58 PM

Great Wins on WTI Short

WTI CRUDE OILTVC

Description

💰 Celebrating two great wins on WTI in June! But let me clarify, I'm not chasing streaks—I focus on proper setups. Let's dive into the current situation for WTI, aka US Oil.

📈 The market is testing the support line on the weekly chart. While some traders see it as strong support and anticipate buying opportunities, multiple retests increase the likelihood of a break. That's why my highest priority is shorting WTI and monitoring key levels.

⏰ On the 4-hourly chart, I'm cautious about shorting at the Bearish 5-0 pattern. If I spot an RSI divergence, my perspective may change.

⬇️ Instead, I'm patiently waiting for the Bearish Shark Pattern at 72.03 for a shorting opportunity.

⏱️ On the 1-hourly chart, if you're seeking a buying opportunity, watch for a confirmed candlestick pattern on the Bullish Bat setup at 69.61.

📊 Share your trade plan for WTI! What's your top investment product?
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