The reversal of crude oil happened after breaking the weekly channel couple of weeks ago as anticipated in my previous post
(See link), a nice short trade was initiated. Was really one good trade. Oil was ever good to us, providing another setup to go short again.
Wait for a rejection around the upper line of the symmetrical triangle.
trade safe & Good luck!
Wait for a rejection around the upper line of the symmetrical triangle.
trade safe & Good luck!
PS: this analysis fails if Oil breaks above 68.