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VasilyTrader
May 12, 2023 1:49 PM

CRUDE OIL (WTI) Bearish Pattern Explained🛢 Short

WTI CRUDE OILTVC

Description

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WTI Crude Oil has recently reached a key horizontal resistance.
Testing that, the price formed a head and shoulders pattern.

Its neckline was broken yesterday.
The price is currently retesting that.

I believe that selling volumes are currently accumulating.
Probabilities are high that we will see a bearish move soon.

Goals will be: 69.87 / 68.11

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Comments
AnabelSignals
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I had same thoughts!
EliteTradingSignals
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The idea is great. thanks!
LegionQ8
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Nice chart mate, it's correct idea as always from you
VasilyTrader
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Are you bearish on OIL?
Hsan_BenAhmed
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TradingBrokersView
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Seems reasonable let's hit that target.
basictradingtv
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awesome breakdown as always, thanks!
rvkumar361
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nice probability. what about naturalgas?
KABHI_FOREX_TRADING
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Good explain, Thank you
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