After a breakdown of key level resistance 30$ the price gains strength to go on to grow. Now we can se the Equilateral triangle. Target and Stop loss level you can find on the chart. And I suggest 2 Entry point.
1. Agressive entry shoud be in the middle of this pattern 31,5$ - 32$ until a breakdown. In this case you will have short enough Stop loss...
I would like to share with my point of view about further DXY price movement.
There is a 1W Triangle. All information you can find on the graph. I expect a growth to a previos top at least in the near future.
Now I refresh my previous short idea about WTI. There is a retest of triangle support line with faling volume on the daily chart. And there is a FLAG pattern on 4H with falling volume as well. Now I expect that the price goes to 18$ and start to fall to first target. And after consalidation will continue falling to 0$ at least.
Entry point - 18$;...
Good day everyone!
Now we can see on the WTI chart a triangle. The price has tested point 30$ recently but not successfully. And now I expect to rebound back to 20$ at least or lower to 18$ in the border of triangle. Point of entry: 27$ TP: 20$ OR 18$ (extra). SL: 31,5$
P.S. Of course news that OPEC reduce oil mining can change this.
Profit all of you!
Now we can see on the graph Flag pattern during bear trend after extremely strong fall. A width of this Flag is about 550 pips. So after breakdown a lower border I expect that price will fall about 550 pips or more. Potencial point to open short is on 31.20, Stop Loss - 33.10 and Take Profit - 26.20. Ratio 1:2,5.