1HR FIB BEARISH ANALYSIS

On the 1hr Fib level i am expecting price to hit the 0.786 fib level for an entry for a Short (Sell) and we analysis is on 1:4 Ratio with Take profits at the 0.5 fib level down to -0.27 fib levels.

Looking at the Chart from monthly view, the crude oil is still on a bearish trend because it failed to break out of the previous high and we have been experiencing lower lows from smaller timeframes.
Crude OilTechnical IndicatorsTrend AnalysisCrude Oil WTI

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