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VladimirRibakov

Oil Sell Idea

Short
West Texas Oil (OANDA:WTICOUSD)  
VladimirRibakov Updated   
OANDA:WTICOUSD   West Texas Oil
Trend Analysis Oil SELL bearishdivergence bearishconvergence bearishhiddendivergence pullback
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trendanalysis oil sell bearishdivergence bearishconvergence bearishhiddendivergence pullback
H4 - Bearish convergence. we may now look for pullbacks and sells.

H1 - Bearish hidden divergence forming.

We may now expect one more push higher from the current zone towards the critical zone, we may then start looking for sells with bearish evidences

Invalidation: This sell setup is valid until the high (marked in red line) shown in the chart holds.
Comment:
Update: The price moved higher and broke above the critical zone, thus invalidating this sell setup.
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