Short
OIL(USoil ) massive sell off incoming 430 Pips
We clearly see a nice daily downward trend and price still respecting the lower high level which is also in confluence with EMA pointing downward, showing still continuation
As we move down to lower timeframe like H4 and H1 we see price breaking structure to downside and current price is testing it as resistance
also it respecting the 50% fib level we could see a fake-out to grab liquidity to downside, so wait for a nice reversal candlestick and bearish volume
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As we move down to lower timeframe like H4 and H1 we see price breaking structure to downside and current price is testing it as resistance
also it respecting the 50% fib level we could see a fake-out to grab liquidity to downside, so wait for a nice reversal candlestick and bearish volume
Follow me for more breakdown like this
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even another entry now is still good, price broke the neckline and retracing to retest resistanceNote
secure your profit and let it ride to the target
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.