Place a short trade on WTI oil.

Place Stop Loss just above the high and place the Take Profit down just above the blue support line where price rebounded.

(Part 2)

Move Stop Loss down to the entry price. This reduces the risk of the trade.

Look to close trade soon if price doesn’t continue to drop.

(Part 3)

Red demand zone has appeared and price seems to have bounced off and has started rising again.

Look to close trade and take profit if it doesn’t drop down.