WTI CRUDE OIL Potential Double Top rejection.
WTI Crude Oil / USOIL has made a Double Top on the 88.00 mark and crossed today under the Channel Up that was in effect for 2 weeks.
The current 4hour MACD and RSI pattern looks like the reversal sequence of August 10th. The decline that followed targeted the 4hour MA200.
Sell now and target 82.80 (Fibonacci 0.5 as well as potential contact with the 4hour MA200).
Previous chart:
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The current 4hour MACD and RSI pattern looks like the reversal sequence of August 10th. The decline that followed targeted the 4hour MA200.
Sell now and target 82.80 (Fibonacci 0.5 as well as potential contact with the 4hour MA200).
Previous chart:
Follow us, like the idea and leave a comment below!!
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