Oil breaks out of the structure, wait for a retest of the broken structure in smaller timeframe before you trade it.
It had one more chance for a down movement but it seems like it will not happen.
An uptrend will start for the Oil soon.
It had one more chance for a down movement but it seems like it will not happen.
An uptrend will start for the Oil soon.
Note
Breakeven trade, and as it turns back i still see a probability of going down one more wave
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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.