WTI - SELL (Order Block, FVG, Triple Top, Ascending Triangle)

Hello friends

In the 3H chart we can see a main Order Block at 71.35, couple Free Value Gaps, a Triple Top and an Ascending Triangle Pattern.

This is the best place to SELL Oil (unless something major in The News happens).

TARGET = 72.00

Giao dịch đang hoạt động:

Trade entered at 77.60

Bình luận:

In 4H chart we can see a break out to the downside of the Ascending Triangle Pattern before the target was met which means a potential reversal. So far so good.

Bình luận:

Bình luận:

In the 3H Chart we have 2 Free Value Gaps which should be filled. We will see next week what is really happening in the market. I strongly believe though that Bulls are fed up with breaking through the top of Ascending Triangle Pattern and Bears are fed up with making Higher Lows so they will take over the market and the price will drop in a staggering pace.

Bình luận:

- Price drop imminent. When it gets below 75.00 place stop loss at 75.50. Target is still 72.00 .

Bình luận:

Still waiting for the price to drop LoL the market is so manipulated on Oil - high risk = high profits. I wouldn't expect the price to go above 80.00 anytime soon though.
As of today nobody realy knows what will happen. The monthly candle touched the middle of the BB and went down, the weekly candle is just above the middle of BB but that doesn't indicate a full bullish move just yet.
I am still waiting for the price to drop below 75.50.

Đóng lệnh: dừng lỗ:

- Trade closed. STOP reached. Target now = 87.00 than SELL. Sorry Guys I lost money too :( .