"Top and Bottom Analysis" Us Oil (WTI) by ThinkingAnts

4H CHART EXPLANATION

- Price is currently on an Ascending Channel.
- As in the daily/weekly vision, we observe that price is on a confluence level (Resistance Zone + Pullback).
- Bearish Divergence on MACD.
- If price breaks the Ascending Channel at 63.52, we expect a bearish movement towards 61.98 (Support Zone) and then to the Daily Ascending Trendline. We will be looking for sell setups on a lower timeframe.


Updates coming soon!


MULTI TIMEFRAME VISION:

- Weekly

- Daily