Market next move 🔄 Disruption Analysis: Contrarian View
⚠️ Original Viewpoint Summary:
The original analysis suggests a bearish breakdown from the rising channel, with a short-term target of 64.36, pointing to a move towards the support zone.
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📉 Disrupted (Contrarian) Perspective:
🔁 Fakeout Scenario Possibility:
The sharp drop below the trendline may be a bear trap.
Price quickly bounced back into the channel region, showing buyer interest near the support.
🔎 Key Observations:
Wick rejection near the lower support suggests that demand is active around 64.50–64.36 zone.
The structure of higher lows is still valid unless there's a confirmed close below the support box.
Momentum indicators (not shown) may help validate whether this is a temporary pullback or a deeper correction.
📈 Alternative Projection:
If price holds above the support zone, it could rebound back to test 65.50–65.80 resistance.
A false breakdown followed by consolidation may lead to retest of the upper channel (near 66.00).
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🧭 Revised Strategy Suggestion:
Avoid early shorts unless there is a confirmed candle close below 64.36.
Watch for bullish price action near support (hammer, engulfing) for a potential long re-entry.
Reevaluate if WTI forms a base around 64.40 — possible reversal setup.
