$CL — Bearish Retest Loading 🩸
Bias: Bearish
Preferred Entry: M15 retracement toward VWAP (85.57) or EMA8 (85.58)
Trigger: M15 bearish rejection / lower high
Targets: 85.47 / 85.00
Invalidation: M15 close above 85.58 (VWAP/EMA8)
Why:
H4 structure remains bearish with price consolidating near the low.
M15 is currently retesting VWAP and EMA8 as resistance after a breakdown.
A rejection at these dynamic levels would confirm sellers in control.
Confirmation:
Wait for a bearish M15 candle close below EMA8/VWAP.
Not financial advice. DYOR and manage your risk.
Rejection or reclaim? 👇
#Write2Earn #oil #TechnicalAnalysis
#brentdrops1.87%
Bias: Bearish
Preferred Entry: M15 retracement toward VWAP (85.57) or EMA8 (85.58)
Trigger: M15 bearish rejection / lower high
Targets: 85.47 / 85.00
Invalidation: M15 close above 85.58 (VWAP/EMA8)
Why:
H4 structure remains bearish with price consolidating near the low.
M15 is currently retesting VWAP and EMA8 as resistance after a breakdown.
A rejection at these dynamic levels would confirm sellers in control.
Confirmation:
Wait for a bearish M15 candle close below EMA8/VWAP.
Not financial advice. DYOR and manage your risk.
Rejection or reclaim? 👇
#Write2Earn #oil #TechnicalAnalysis
#brentdrops1.87%
