USOIL 71.07 +2.57% SHORT IDEA MULTI-TF ANALYSIS

HELLO TRADERS

Hope everyone is doing great
📌 A look at USOIL from HTF - MULTI TIME-FRAME ANALYSIS

USOIL DAILY TF

* Last week saw a bearish close with the weekly FVG holding & beautifully rejecting, looking for a retest of this PD ARRAY before continuation down.

snapshot

* The sentiment is still strongly bearish for OIL from HIGHER TF perspective.
* The weekly & daily TF show we are still trading in a range on a bearish trend towards that ERL.
* The picture is clearer with strong bearish moves from the daily, looking for some retracement.
* some volume imbalance left behind on lower TF might confirm this move.
* possibly to be filled before we take that ERL.

USOIL 4H

As we head lower we see some bearish potential for some retracement.

https://www.tradingview.com/x/JYrhrFe6/


* With the week to opening Bearish (PO3) could see bearish move into the VI.

* sentiment the same on the hourly tf.

https://www.tradingview.com/x/dbxIZDB6/

* This rally with the bulls & strong momentum to the down side could see some reversal.
looking for some signs of this on todays price action.

* LETS SEE HOW THE MARKET DISHES
🤷‍♂️😉🐻🐮

HOPE YOU ENJOYED THIS OUT LOOK, SHARE YOUR PLAN BELOW,🚀 & LETS TAKE SOME WINS THIS WEEK.

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