My Bearish Setup in Progress on WTI Crude Oil
WTI crude oil has been in a steady downtrend and recently formed a potential supply zone (purple area) around $69.50–$70.15, aligning with a key inefficiency.
Price action suggests a bearish reaction at this zone, with the potential for lower highs before a continuation to the downside.
Liquidity below $66.68 is the next probable target as sellers dominate the market.
The setup favors waiting for price to tap into the supply zone, showing clear rejection signs before executing shorts.
A break below recent lows would confirm bearish momentum, with further downside targets in the $65.50–$64.50 range.
Price action suggests a bearish reaction at this zone, with the potential for lower highs before a continuation to the downside.
Liquidity below $66.68 is the next probable target as sellers dominate the market.
The setup favors waiting for price to tap into the supply zone, showing clear rejection signs before executing shorts.
A break below recent lows would confirm bearish momentum, with further downside targets in the $65.50–$64.50 range.
iSmashProfit
İlgili yayınlar
Feragatname
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.
iSmashProfit
İlgili yayınlar
Feragatname
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.