WTI H4 | Fibo confluence?

28 Mar 2023

Looking at the H4 chart, the price is currently at our sell entry of 72.56, which is an overlap resistance along with a 50% Fibonacci retracement and 127.20% Fibonacci extension. Our stop loss will be at 74.68, which is slightly above the swing high resistance. The take profit level will be at 71.46 along with a 23.6% Fibonacci retracement

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