OIL (WTI) - 4H Sell Setup

2024年5月20日

In the past hours, OIL (WTI) experienced a sharp rise driven by news of Iran's president's death, which significantly impacted market sentiment.
This surge allowed OIL to break above the bearish channel and catch the liquidity over the resistance zone, as illustrated on the chart.
However, despite this upward spike, the price action suggests that OIL may continue its downward trajectory within the descending channel.
Traders should monitor this closely as the price looks set to resume its fall, adhering to the prevailing bearish trend.
The liquidity hunting above the resistance zone indicates potential for further declines as the market reverts to its established downward path.

2024年5月21日

註釋

Congratulations to everyone who followed the analysis! 🎉
Our first target is almost reached, and your patience and trust in the strategy are paying off.
Great job, team! Keep up the fantastic trading!