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TRADE OF THE WEEK | Crude Oil Trading💰

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Hey traders,

As you know, I was looking for shorting opportunities on WTI for quite a long period of time.

Spotting a rising channel on a daily I was patiently waiting for a test of its resistance.

Once the resistance was reached, I was looking for a confirmation to short.
My confirmation was a double top formation on 4H time frame.
The trigger was its neckline breakout.

CRUDE OIL (WTI) Multi Time Frame Analysis & Technical Outlook 🛢

Shorting on a retest, I managed to catch a very strong bearish move to the support of the channel.

Fantastic winner!

Did you catch this move?

❤️If you have any questions, please, ask me in the comment section.
Please, support my work with like, thank you!❤️

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Check my new analysis on EURUSD: