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US Crude Oil CFD

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beyond50
USOIL On the Hourly, watch to see if there's a true (and not false) breakout at the high of the Inside Day at 68.28 (shown as an orange line). If a true one, the bullish trend will continue past that level.

If a false breakout at the high of the Inside, then you'll see a bearish candle go back into the Inside Day pattern and head down back towards the S&R Zone (that starts at 67.60.
Snapshot
oilmoneyjunkies
USOIL im in for a longgg buy perfect support at 64 thats were sl at and my is at 72 shoot me a rocket if you rocking with me !!!!!
beyond50
USOIL On the Hourly that is in Bullish (directional) Market Bias, the bearish candle's lower wick is resting on the thin S&R Zone. This may be a rejection from dropping for the bulls to eventually show up and head towards the high of the Inside Day for a breakout at 68.28 (shown as an orange line). We'll see if that happens.

But if the bears drop below the S&R Zone, then a breakout will happen at the low of the Inside Day at 67.16 and go lower towards the Swing Low of 67.29.

*Special Note:
- We have a Double Inside Day that showed up on the 4-Hour, so a BIG move is coming within the next two days.
- Also, a giant Three Methods Rising pattern formed to indicate a continual move to the upside.
Snapshot
USOIL How will theirs follow want to loyalty or trusting if behaviour keeping likely this 🤦🤦🤦.
beyond50
USOIL On the Hourly, the bears are dropping from the S&R Zone and headed for the low of the Inside Day at 67.16 for a breakout (shown as an orange line).

The S&R Zone may block a move to the upside.

If the bears continue down from the Zone, the retracement can go towards 66.86 through Mean Reversion.

*Alternative Scenario:
If the bulls rise above the S&R Zone, they can do a breakout from the high of the Inside Day at 68.28 (shown as an orange line).
Snapshot