WTI OIL Attempting to rationalize an irrational market.US Light CrudeTRADENATION:WTITradingShotIt is not a hyperbole. The WTI Oil (USOIL) market has been under historically extreme levels of volatility ever since the U.S. - Iran war started 1 month ago. Naturally, the market is predominantly driven by news and amidst the chaos, one technical pattern emerges. That is this Channel Up on the 4H time-frame, which just hit its top (Higher Highs trend-line). The current Bullish Leg is almost the same (+37%) as the previous one (+34.34%). The 4H MACD is close to a Bearish Cross, which has always been a sell confirmation. The last Bearish Leg corrected to its 0.618 Fibonacci retracement level and the 4H MA100 (green trend-line). As a result (and of course as long as the pattern doesn't break), we expect to see a technical correction to at least $104.00, with a possible extension to $100.00. --- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** --- Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇