How Many Oil Chart Tops Draw a Downwards Oil Trend Line?

To draw a oil downwards oil trend line a trader needs at least two tops

To confirm a oil downwards oil trend line a trader needs at least three crude oil price tops to touch the downward oil trend line.

Example of Oil Downwards Oil Trend on a crude oil chart

How Many Oil Chart Tops Draw a Downwards Oil Trend Line?

A down oil trend occurs when the crude oil price forms series of lower highs and lower lows. Each price high is going to be lower than the previous high - lower high, and each low is lower than the previous low - lower low therefore showing bearish crude oil price movement.

How Many Oil Chart Tops Draw a Downwards Oil Trend Line?