USOIL is bullish On Monthly, Weekly, Daily, 4HR and 1HR so we are looking for bullish move entries. Smart money always has to retrace back to where there sold to buy or bought to sell. In this case, sold to buy. In doing this, they take out stop loss from liquidity the generated by forming retail trendlines. The highlighted area is the candle the banks highly probable to come back to before pushing back up
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.