USOIL The market will sell later :)Oil - Crude (WTI) forum
USOIL The market will sell later :)
USOIL what happened
USOIL long long long
USOIL Switching to the Daily. A Bearish Pressure Zone formed earlier that encouraged the drop down. If the current, Daily candle still forming does not do a candle close below the low of the previous bearish candle (shown as an orange dotted line at 68.90), then there will be no follow through of a bearish move down from bullish pressure building.
But, if the bears do breach the low of the previous bearish candle (at 68.90), then the bearish thrust will continue.
WTI Special Alert!A Triple Inside Day printed on the Hourly that is in Bearish Market Bias. That shows a very BIG move is coming, either to the upside or downside.
A Double Bottom formed earlier from the rejection of the Swing Low (at 68.615) by the bears.
Also, a second tier formed to create a tall S&R Zone. We'll see if the bulls can rise above it to bounce up from because two bearish candles formed a Tweezers Bottom to have the same price at their lows - creating a Resistance Line.
If no rise above the S&R Zone, the bears can break the Resistance Line created by the Tweezers Bottom, leading to a BIG drop below towards the Swing Lows of 68.615 and 68.395 to breach them.
USOIL prioritize selling on rallies with buying on dips as a secondary strategy.Idea: USOIL Strategy Analysis
USOIL buy setup sl below the 68.853 target 1:2 atleast but can target 1:6,if youguys are agressive can buy now as well
USOIL do you need a signal?
USOILSPOT fasten your seat belt folks…gotta fly soon. 🚀
USOIL You need to refer to this strategyIdea: OIL Today's strategy