Sooooo USOIL didn't have the liquidation spike it need. It should have bee far more violent than that...We sit back and wait. I have plotted a further two zones above where I will look to short. I will not trade until I see a clear rejection of my zones with a ling wick. Trading is a waiting game!
Oils is BULLISH which is why I am being so careful before I short the market...Ideally I would prefer to buy but the sell will come first.
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