$CL Four-hour M-top pattern. The trendline has already been broken—only horizontal support remains. Once it breaks, go short directly
On the 4-hour timeframe, CL has formed an M-top (double top), a bearish setup. The current uptrend line has been broken, and only 95 horizontal support is still barely holding on. This is the last line of defense at the M-top neckline
Trading idea:
1. Main focus: Go short. When the 4-hour body breaks below the 95 horizontal support, with the M-top fully confirmed, wait for a pullback to 95–96 to short. Stop loss: above 100. Targets: 89
2. Not recommended to go long: The trendline has been broken. Even if the 95 support holds, it would only be a weak rebound. Above, the 100 trendline acts as resistance, making the long setup’s risk-reward unfavorable
M-top + trendline break = double bearish signals. 95 horizontal support is the final line of defense. If it breaks, short in line with the trend
Brothers, you can like and follow—I'll occasionally share some of my trading thoughts
$BTC #CL
On the 4-hour timeframe, CL has formed an M-top (double top), a bearish setup. The current uptrend line has been broken, and only 95 horizontal support is still barely holding on. This is the last line of defense at the M-top neckline
Trading idea:
1. Main focus: Go short. When the 4-hour body breaks below the 95 horizontal support, with the M-top fully confirmed, wait for a pullback to 95–96 to short. Stop loss: above 100. Targets: 89
2. Not recommended to go long: The trendline has been broken. Even if the 95 support holds, it would only be a weak rebound. Above, the 100 trendline acts as resistance, making the long setup’s risk-reward unfavorable
M-top + trendline break = double bearish signals. 95 horizontal support is the final line of defense. If it breaks, short in line with the trend
Brothers, you can like and follow—I'll occasionally share some of my trading thoughts
$BTC #CL
