CRUDE OIL (WTI): Top-Down Analysis & Your Trading Plan 🛢️

٦ أكتوبر ٢٠٢٣

https://www.tradingview.com/x/xB8i2SlA/

Have you seen that sell-off on WTI?!
The market was falling like crazy, breaking one key level after another.

Now the price is on a key daily horizontal support.
I see a nice double bottom on 1H time frame that can give us a perfect confirmation to buy.

Wait for 1H candle close above 82.92 - its neckline.
Then buy aggressively or on a retest with goal - 84.4

Alternatively, if the price sets a new lower low, the setup will become invalid.

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