As the previous analysis worked exactly as predicted, 
WTI is eyeing a bearish continuation on the 4-hour chart, with price testing resistance after lower highs in a downward channel, converging with a potential entry zone that could spark downside momentum if sellers defend amid recent volatility. This setup suggests a pullback opportunity in the downtrend, targeting lower support levels with approximately 1:4 risk-reward.🔥
Entry between 56.94–57.22 for a short position (entry from current price with proper risk management is recommended). Target at 54.66. Set a stop loss at a daily close above 57.5, yielding a risk-reward ratio of approximately 1:4. Monitor for confirmation via a bearish candle close below entry with rising volume, leveraging oil's volatility in the channel.🌟
📝 Trade Setup
🎯 Entry (Short):
56.94 – 57.22
(Entry from current price is valid with proper risk & position sizing.)
🎯 Target:
• 54.66
❌ Stop Loss:
• Daily close above 57.50
⚖️ Risk-to-Reward:
• ~ 1:4
⚠️ This analysis is the request of one of my followers.
💡 Your view?
Does WTI roll over toward 54.66, or do buyers attempt another squeeze above channel resistance? 👇
WTI is eyeing a bearish continuation on the 4-hour chart, with price testing resistance after lower highs in a downward channel, converging with a potential entry zone that could spark downside momentum if sellers defend amid recent volatility. This setup suggests a pullback opportunity in the downtrend, targeting lower support levels with approximately 1:4 risk-reward.🔥Entry between 56.94–57.22 for a short position (entry from current price with proper risk management is recommended). Target at 54.66. Set a stop loss at a daily close above 57.5, yielding a risk-reward ratio of approximately 1:4. Monitor for confirmation via a bearish candle close below entry with rising volume, leveraging oil's volatility in the channel.🌟
📝 Trade Setup
🎯 Entry (Short):
56.94 – 57.22
(Entry from current price is valid with proper risk & position sizing.)
🎯 Target:
• 54.66
❌ Stop Loss:
• Daily close above 57.50
⚖️ Risk-to-Reward:
• ~ 1:4
⚠️ This analysis is the request of one of my followers.
💡 Your view?
Does WTI roll over toward 54.66, or do buyers attempt another squeeze above channel resistance? 👇
Trade attivo
Trade was activated !Trade chiuso: stop raggiunto
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Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.