Crude Oil is looking to clear it's nearest inefficient range
Keeping it simple we can view this as a lower high > lower low sequence as the high we approached a few days ago was never broken.
Clear inefficiency below should be the only range that will hold price up but my eyes are on the lowest daily orderblock at the extreme range retracement.
Hourly view shows more detail with support levels being extremely disrespected denoting how sellers have been lurking in the wind. Volume profile also shows super bearish volume in these levels with a small support node below the range.
https://www.tradingview.com/x/rC5PQ4QN/
Clear inefficiency below should be the only range that will hold price up but my eyes are on the lowest daily orderblock at the extreme range retracement.
Hourly view shows more detail with support levels being extremely disrespected denoting how sellers have been lurking in the wind. Volume profile also shows super bearish volume in these levels with a small support node below the range.
https://www.tradingview.com/x/rC5PQ4QN/
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