CRUDE OIL waiting for the sell setup to form

٢٣ يونيو ٢٠٢٠

on DAILY: CRUDE OIL is approaching a strong resistance in green so we will be looking for objective sell setups on lower timeframes.

on M30: this one is forming a wedge pattern in red but it is not valid yet, so we are waiting for a third swing to form around our lower red trendline to consider it valid and enter on its break downward.

we also have a regular bearish divergence on MACD adding more confluence to our setup.