$CL1! / #OIL | 4H Trade Setup Update 🔻 Short Position: - Entry: 77.10 (0.65 Fibonacci Level)

$CL1! / #OIL | 4H Trade Setup Update

🔻 Short Position:
- Entry: 77.10 (0.65 Fibonacci Level)
- Stop Loss: 77.48
- Take Profit: 73.65

Current Status: CL1 is trading below the Value Area Low (VAL) and is attempting to break above the 21-period moving average.
Technical Indicators: Bullish Divergence: Momentum and money flow are rising. Stochastic RSI: Low, which could indicate potential for upward movement.

Outlook: This is a short trade with a clear bearish target at 73.65. Despite the bullish indicators, the position is betting on a downward move. Be vigilant for any sustained break above the 21-period moving average, as it could invalidate the short setup. The stop loss at 77.48 is in place to protect against an upside reversal.