Oil Forecast
D1 - Dark cloud candle pattern, bearish divergence.
H4 - Price has broken below the big and small uptrend line, bearish divergence.
H1 - Bearish trend pattern, expecting further continuation lower after retraces.
Invalidation - This bearish view is valid until the price holds below the 61.8% (39.17) fibonacci retracement zone. If the price moves higher, breaks and holds above this level in one straight leg then this bearish view will be invalidated.
H4 - Price has broken below the big and small uptrend line, bearish divergence.
H1 - Bearish trend pattern, expecting further continuation lower after retraces.
Invalidation - This bearish view is valid until the price holds below the 61.8% (39.17) fibonacci retracement zone. If the price moves higher, breaks and holds above this level in one straight leg then this bearish view will be invalidated.
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