In this video update, we take a look at WTI OIL as the market printed a bearish doji candle.
This could show us a sign that the market phase 1 is slowing down and could be forming
a phase 2 correction. We are looking for the price to break the daily lows on the hourly chart
for short trades on the re-test of the lows. Targets will be $60.00 and previous structure highs
where we expect the market to continue its uptrend.
This could show us a sign that the market phase 1 is slowing down and could be forming
a phase 2 correction. We are looking for the price to break the daily lows on the hourly chart
for short trades on the re-test of the lows. Targets will be $60.00 and previous structure highs
where we expect the market to continue its uptrend.