Crude Found a Bearish Channel?
https://www.tradingview.com/x/P4Nj3J5B/
To all Channel traders, see if this can help. If Crude has finished constructing the channel within which price will progress during its next move down, the marked channel on the chart could provide the framework within which short trades can be taken. Note that this is a 240 channel exploded on the 60 world. Profits can be taken every time price takes out a channel level, remembering that once a target has been taken out, that line becomes not a target after a retracement. Its the next channel line down that becomes the target. Thank you.
To all Channel traders, see if this can help. If Crude has finished constructing the channel within which price will progress during its next move down, the marked channel on the chart could provide the framework within which short trades can be taken. Note that this is a 240 channel exploded on the 60 world. Profits can be taken every time price takes out a channel level, remembering that once a target has been taken out, that line becomes not a target after a retracement. Its the next channel line down that becomes the target. Thank you.
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