WTIUSD short opportunity HUGE rising wedge.

Huge rising wedge. Double top for WTI where the previous resistance was during the previous downtrend. Should see a drop. Will short once we get a break and close below the support zone. First target will be the green box.

Good opportunity.

Trade active:

Got the re-test of the downtrend line.

Couldn't get back in. Hidden bearish crossover on the Stoch.

I think we are at the beginning of a downtrend for WTI.

Comment:

We can also see that the 10 day MA is acting as support. Every time we close underneath it there is a big drop in price.

Comment:

on our way down we go.

Comment:

This is my projection for WTI. Have moved my stop loss to entry.

Trade closed: stop reached:

Took profits as we moved back into the triangle. 55.71 was not resistance.