🛢️☕ #OilNotCoffee | 📐 #TECHANALYSIS
📉 Oil appears to have formed a triangle in wave 4 and is poised for a major gap down on Monday, driven by OPEC+’s decision to accelerate production increases beyond initial plans.
Position:
▫️ Entered the weekend with short positions near peak exposure.
▫️ Critical level marked by the 100% red line.
▫️ Scenario suggests WTI prices won’t drop below $50 immediately—wave completion within the highlighted range may lead to an extended sideways phase.
Strategy Status:
▫️ This scenario has been executed successfully for an extended period.
⚠️ Disclaimer:
Our analysis is food for thought 💡, not trading signals 🚫📊.
Trade with cold-headed calculation ❄️, your own plan 📝, and independent analysis 👁️🗨️.
💬 Your Forecast?
🔄 Comment below ➡️: How do you assess the risks and opportunities? 🎯
📉 Oil appears to have formed a triangle in wave 4 and is poised for a major gap down on Monday, driven by OPEC+’s decision to accelerate production increases beyond initial plans.
Position:
▫️ Entered the weekend with short positions near peak exposure.
▫️ Critical level marked by the 100% red line.
▫️ Scenario suggests WTI prices won’t drop below $50 immediately—wave completion within the highlighted range may lead to an extended sideways phase.
Strategy Status:
▫️ This scenario has been executed successfully for an extended period.
⚠️ Disclaimer:
Our analysis is food for thought 💡, not trading signals 🚫📊.
Trade with cold-headed calculation ❄️, your own plan 📝, and independent analysis 👁️🗨️.
💬 Your Forecast?
🔄 Comment below ➡️: How do you assess the risks and opportunities? 🎯
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.