CRUDE OIL - Potential Bearish Reversal Soon!

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CRUDE OIL is sitting around weekly resistance in red so we will be looking for sell setups on lower timeframes.

on H4: CRUDE OIL is forming a channel in red but the lower trendline is not valid yet, so we will be waiting for a third swing to form around it. (projection in purple)

Trigger => Waiting for that swing to form then sell after a momentum candle close below it. (gray area)

Until the sell is activated, CRUDE OIL would be overall bullish and can still dive inside the red resistance.

Good luck!

All Strategies Are Good; If Managed Properly!
~Rich