Oil Sell Idea
D1 - We have a critical resistance zone at 60.00-60.40 and the price is holding below it.
Note: Currently the price is bouncing from the critical zone formed by the fibo expansion and fibo retracement levels, so short term bullish moves are acceptable and valid here.
H4 - The price is currently moving inside a short term bullish channel,
We may now start looking for bearish setups with bearish evidences in order to join the bears.
Invalidation: This sell setup is valid until the daily downtrend line holds. If the price moves higher and breaks above this dynamic resistance then this sell setup will be invalidated.
Note: Currently the price is bouncing from the critical zone formed by the fibo expansion and fibo retracement levels, so short term bullish moves are acceptable and valid here.
H4 - The price is currently moving inside a short term bullish channel,
We may now start looking for bearish setups with bearish evidences in order to join the bears.
Invalidation: This sell setup is valid until the daily downtrend line holds. If the price moves higher and breaks above this dynamic resistance then this sell setup will be invalidated.
כתב ויתור
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