#CrudeOil #USOil Higher Time Frame #H4 Analysis
#CrudeOil #USOil Higher Time Frame #H4 Analysis 🛢️📉
Currently, #USOil is under significant selling pressure, with prices likely heading towards the 65-63.50 zone. This area is critical, as it previously acted as a strong support during past crises, pushing prices higher. 🔄
🔹 Bullish Scenario: If prices tap into this zone and show a quick rejection, we’ll look for confirmation to plan our buys. This area could once again trigger an upward bounce. 📈
🔻 Bearish Scenario: However, if the 63.50 level fails to hold and we see a fully bearish #H4 candle close below it, we’ll prepare for a significant correction. A breakdown could open doors for a massive drop, potentially driving prices down to the 55-56 range. 💥
Stay sharp and ready to react based on price action around this crucial zone! ⚠️
Currently, #USOil is under significant selling pressure, with prices likely heading towards the 65-63.50 zone. This area is critical, as it previously acted as a strong support during past crises, pushing prices higher. 🔄
🔹 Bullish Scenario: If prices tap into this zone and show a quick rejection, we’ll look for confirmation to plan our buys. This area could once again trigger an upward bounce. 📈
🔻 Bearish Scenario: However, if the 63.50 level fails to hold and we see a fully bearish #H4 candle close below it, we’ll prepare for a significant correction. A breakdown could open doors for a massive drop, potentially driving prices down to the 55-56 range. 💥
Stay sharp and ready to react based on price action around this crucial zone! ⚠️
Mr K
Join Our Free Telegram Group
t.me/MrKCharts
If You Need Personalized SIgnals Specilaized With 2:1 RR for Propfirm Than Dm Us At t.me/Kseljuk
Join Our Free Telegram Group
t.me/MrKCharts
If You Need Personalized SIgnals Specilaized With 2:1 RR for Propfirm Than Dm Us At t.me/Kseljuk
Disclaimer
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.