WTI… A short term top

Middle East tensions aside …WTI is in the process of forming a bearish Wolfe Wave top as well as heading into a resistance area in effect for the past month.

This is one of the components of TV’s August Leap challenge.

I would be looking to establish a short/cover a long on any hesitation here.

Please bear in mind we have a lot of market moving news this week.

A tight stop is in order or just wait for the the markets reaction to this news.

Not investment advice. Do your own due diligence.

S

노트

Update…. Some softness showing up