WTI OIL high chances to break its bearish channel

9 nov 2020

Pattern: Channel Down on 4H.

Signal: Buy if the Lower Highs trend-line of the Channel Down breaks (practically if the 0.786 Fib breaks), as this time the price broke the 4H MA200 (as opposed to September 18) while the MACD is on a Bullish Cross.

Target: 43.00 (the 0.918 Fib, last Resistance before a full recovery).


Most recent WTI OIL signal:

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