USOIL IDEAMonthly wedge presents an upcoming breakout with potential poi.
December price action presented a formation indicating a daily uptrend towards the monthly hi. ( will it break the monthly resistance )?
With new higher highs presented since then, price now sits around the 50line presenting monthly consolidation towards a breakout. ( will it continue to the downside in Q1 )?
Also looking for 2 weekly positions on the daily chart for a 1/3 entry and 1/10 entry.
If price continues to decline below the 84-81 zone look for potential sells.
All together this should give you 2 swing entries on the daily, 2-3 scalp entries from the 4 hour and 2 potential entries on the monthly!
Happy New Year!
