Crude OIL (WTI): Possible double top formed...
It's possible that we are going back down now...
Look for a lower TF setup to sell into a possible down move...
SL above the double top high (± 52)
2 main targets:
1) trendline and/or channel re-test level
2) Possible bat B support...
>> 1 extra longterm target possible: the possible bat D completion point around a price of 29$...
Look for a lower TF setup to sell into a possible down move...
SL above the double top high (± 52)
2 main targets:
1) trendline and/or channel re-test level
2) Possible bat B support...
>> 1 extra longterm target possible: the possible bat D completion point around a price of 29$...
Trade closed: target reached:
TP1
Comment:
Uptrend channel broken but highly oversold stochastics could give us some bullish movement...
