Fantastic OpportunitiesAs the WTI or US Oil is on a sideway movement, it creates fantastic trading opportunities for counter-trend traders like myself.
There are 2 approaches I'm looking at in the following week. A Bearish Gartley Pattern at X, a shorting opportunity on the 8-range bar chart, or a Bearish Bat Pattern on the 4-hourly chart.
The important candlesticks confirmation on the Gartley Pattern at X requires the next candlestick to touch 71.47 before the pattern is valid; failure to do so, I'll be waiting for the Bearish Bat Pattern.
Magic Candle has to appear at 72.94 for the Bat Pattern on the 4-hourly chart(right) to be valid.
This is how trading should be. Plan your trade, and wait for candlestick pattern confirmation before engaging the trade.
What's your trade plan for WTI?
