"Top and Bottom Analysis" Us Oil (WTI) by ThinkingAnts
4H CHART EXPLANATION
- Price is currently on an Ascending Channel.
- As in the daily/weekly vision, we observe that price is on a confluence level (Resistance Zone + Pullback).
- Bearish Divergence on MACD.
- If price breaks the Ascending Channel at 63.52, we expect a bearish movement towards 61.98 (Support Zone) and then to the Daily Ascending Trendline. We will be looking for sell setups on a lower timeframe.
Updates coming soon!
MULTI TIMEFRAME VISION:
- Weekly
- Daily
- Price is currently on an Ascending Channel.
- As in the daily/weekly vision, we observe that price is on a confluence level (Resistance Zone + Pullback).
- Bearish Divergence on MACD.
- If price breaks the Ascending Channel at 63.52, we expect a bearish movement towards 61.98 (Support Zone) and then to the Daily Ascending Trendline. We will be looking for sell setups on a lower timeframe.
Updates coming soon!
MULTI TIMEFRAME VISION:
- Weekly
- Daily
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