(EP #66) Kelvin Trade Ideas - USOIL Bat Pattern 2020-03-24

٢٤ مارس ٢٠٢٠

In the Oil market, the market is in the downtrend. In one hour chart, I spotted a bearish bat pattern(blue), it provides a potential reversal level from 27.50 to 26.70. The market had spotted a bearish bat pattern with a similar potential reversal level before. Also, in the bigger timeframe, there is a bearish trendline which is overlapping the blue bat pattern's potential reversal level, it is a good sign for me to short the market. I will wait for the market to give me the confirmation signals, then decide should I short the market.

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