My setup on USOIL

Updated
We have an impulse to the upside, retracing here should be good.

We also have an overextended W formation on a weekly TF, another reason for shorting. On a weekly timeframe, we have a confluence of support on 0.382 fib + neckline. Thats the main target.

My order on 46.2 got filled. (Lucky)
Note
snapshot
Note
Partially closed on 45.45

SL now in slight profit.
Chart PatternsTechnical IndicatorsTrend Analysis

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