Bearish drop?

11 Tem

WTI/USD is rising towards the resistance level which is an overlap resistance that aligns with the 50% Fibonacci retracement and could potentially reverse from this level to our take profit.

Entry: 82.94
Why we like it:
There is an overlap resistance level which aligns with the 50% Fibonacci retracement.

Stop loss: 84.15
Why we like it:
There is a pullback resistance level.

Take profit: 81.21
Why we like it:
There is a pullback support level.

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