WTI OIL Rejection on the 1D MA50
Pattern: Megaphone on the 1D time-frame.
Signal: Sell as the price has been rejected on the 1D MA50 (blue trend-line) and buy before it touches the 1D MA200 (orange trend-line) or when the RSI hits the Support Zone.
Target: 85.40 (the October 23 High).
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Signal: Sell as the price has been rejected on the 1D MA50 (blue trend-line) and buy before it touches the 1D MA200 (orange trend-line) or when the RSI hits the Support Zone.
Target: 85.40 (the October 23 High).
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** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **
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