WTI - False break of bearish trendline?
Looks it may have been only a false break 2-3 days ago, with no confirmation above the trendline.
Daily Slow Stoch is turning down + 4 Hrs Ichimoku and DMI gave early medium sell signals.
A correction is possible to 101,65 - 102 levels in next few days, but keep in mind, that given the Ichimoku setup of the Daily chart, the big picture is still bullish for WTI until it trades above 101.
Now a counter trend short provides good risk-reward with high probability. I prefer to buy front maturity 102 Puts.
Daily Slow Stoch is turning down + 4 Hrs Ichimoku and DMI gave early medium sell signals.
A correction is possible to 101,65 - 102 levels in next few days, but keep in mind, that given the Ichimoku setup of the Daily chart, the big picture is still bullish for WTI until it trades above 101.
Now a counter trend short provides good risk-reward with high probability. I prefer to buy front maturity 102 Puts.