Nice Setup on Crude Oil

٢٣ سبتمبر ٢٠٢٤

4 hour chart MACD is showing bearish divergence and also cycling down.

1 hour chart is in a downtrend and CCI is below -100

15 chart shows a downtrend and Fibonacci retracement level of .618 inside a supply zone.

Let's see if we can hit .618 and take the trade short all the way to the 50SMA on the 4 hour chart.

٢٤ سبتمبر ٢٠٢٤

ملاحظة

Trade stopped out. This trade continued the trend on the 4 hour chart and not the 1 hour chart.