"Top and Bottom Analysis" UsOil (WTI) by ThinkingAntsOk
4H CHART EXPLANATION:
Main Items we Observe on the Chart:
- Price broke the Ascending Trendline and is currently on a Bearish Corrective Structure.
- Bearish Divergence on MACD.
- If it breaks it at 61,10, it has potential to move down towards the Support Zone at 55,30, being careful with the Middle Support Zone at 58,70.
Updates coming soon!
MULTI TIMEFRAME VISION:
- Weekly:
- Daily:
Main Items we Observe on the Chart:
- Price broke the Ascending Trendline and is currently on a Bearish Corrective Structure.
- Bearish Divergence on MACD.
- If it breaks it at 61,10, it has potential to move down towards the Support Zone at 55,30, being careful with the Middle Support Zone at 58,70.
Updates coming soon!
MULTI TIMEFRAME VISION:
- Weekly:
- Daily:
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.