Watching WTI this morning as we continue to see it tighten between the recent downtrend line and the high line from the daily down channel from a few weeks ago.
The high line was respected from Oct 5th -7th, even though we haven't had a precise close on the 30min TF, price has rejected from that area so I think this is safe to view as a descending wedge.
The high line was respected from Oct 5th -7th, even though we haven't had a precise close on the 30min TF, price has rejected from that area so I think this is safe to view as a descending wedge.