Hey guys ! ** Watch for weekly view below **
Here is a good opportunity to short the crude oil with a potential 800 pips profit trade ( R/R around 6 )
Accumulation of :
- Weekly trend ( blue )
- More weekly trend as resistance ( black )
- Others monthly trends ( red ) : far but still active
- Fib 68.2
- Fib 78.6
- Resistance zone
- Stochastic will be overbought : I will update this idea with a multi time frame stochastic system .
As always , I recommand to wait for a reversal sign .
Follow me for more !
Good '' luck ''