WTI nice correctional structure

26. Jan. 2021

WTI is moving in descending channel, which is alse be considered as a correctional structure on HTF. But on 1H chart we can take a good oppotunity to short. On current setup I expect to see price making a double top and finish local correction by breaking ascending trendline and going downside to make third touch.

27. Jan. 2021

Trade ist aktiv

price made a double top, so now I expect breaking trendline and futrher downside move

28. Jan. 2021

Trade ist aktiv

the price continued correctional move to the upside, but it was expected. I've corrected trendlines, so it is possible to see that it still moves inside the channel. Now it could be either a start of LTF correction for a move to the downside or I can also expect one more move to the upside to make double top.