4th CL pivot area was just completed. Because a trend line and a retracement is already in sight.
Now it's time to find 3rd buy piont on lower time frame (1H). I expect it will be around price 65.2.
But if the retracement drop below than 64.8 then i need wait for 2nd sell piont after all.
For reverse trend scenario, there is also a chance that price goes sideway. But it's for sure there is 2nd sell piont oppotunity before that.
Now it's time to find 3rd buy piont on lower time frame (1H). I expect it will be around price 65.2.
But if the retracement drop below than 64.8 then i need wait for 2nd sell piont after all.
For reverse trend scenario, there is also a chance that price goes sideway. But it's for sure there is 2nd sell piont oppotunity before that.
Note
It's obvious market chosen scenario 2 so there will be no 3rd buy piont before end of month.So price may either goes down trend or sideway. So after short term rebounce, i need short CL after price above 65, SL: 65.77, TP: 63
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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.