Update for WTI Oil. As you remember we spotted a major expanding wedge pattern on a daily time frame. Now the price is approaching its lower boundary.
Taking into consideration that the market is trading in a long term bullish trend, I am looking for buying opportunities at the moment.
My confirmation to buy will be a bullish breakout of a falling parallel channel on an hourly time frame. Then the price will most likely grow at least to 72.0 level.
In case of a bearish breakout of a blue potential reversal zone, the setup will be invalid.
❤️Please, support this idea with like and comment!❤️
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.