Short
Is UK Oil ready to push lower for a while?
Uk Oil reached my PRZ zone and gave a good rejection to it. Waited on lower timeframes for a break of structure and also confirmed, which could be an indication that this up wave is about to end for a while in order to create a Monthly pullback. I will keep an eye on how price action moves and how the Monthly candle closes in two days. COuld be a great short opportunity and then another long opportunity after the pullback phase/wave has been completed. Again, time will tell.
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.
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.