WTI | A Sell Below $62.00 (Weekly)
Last week's bearish candle that printed on WTI has caught my eye.
Firstly, the move higher early on in the week would have caught a lot of bullish trend traders off-guard.
If you switch to the daily timeframe, the picture is even bleaker for the bulls - that pin-bar on weekly looks like a good old fashioned blow off top on the daily.
So where to from here?
For me, I need to see price trading below $62 to initiate a short. If price just eats up last weeks range, drifting higher, that would make me do a full 180 and expect more upside.
Firstly, the move higher early on in the week would have caught a lot of bullish trend traders off-guard.
If you switch to the daily timeframe, the picture is even bleaker for the bulls - that pin-bar on weekly looks like a good old fashioned blow off top on the daily.
So where to from here?
For me, I need to see price trading below $62 to initiate a short. If price just eats up last weeks range, drifting higher, that would make me do a full 180 and expect more upside.
Trade fechado: objetivo atingido
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Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.