West Texas Intermediate vs US Dollar forum
On the Hourly that is in Bearish Market Bias, the bears are dropping down towards the nearest S&R Zone below. Beyond that, there's layers of Support Areas: a taller S&R Zone, along with 6 Swing Lows to potentially breach. Let's see how far this drops to.
The Path of Least Resistance is to go up.

We'll see how the bears react around the S&R Zone - to either be blocked from dropping below it so the bull can rally towards the trendline OR cross through the Zone and do a breakout from the Inside Day pattern's low of 64.03 (shown as an orange line). Below that is a Swing Low of 64.03.
*Side Note:
A giant W-shaped pattern usually forms around a Swing Low. The neckline already formed, so this would be the 3rd leg of the "W", then the long bullish trend would be the 4th and last leg.

Within the pattern's 4th leg, a Popgun showed up from high volatility. That means complex consolidation is coming up that makes three major swings that move like a See-Saw. The sequence of swing goes like this: Down-Up-Down.
The Down swing had already begun with the Up swing getting started.
Also, the candles are creating a tall Inside Day for a market pause with no clear direction. Price action can consolidate within this tall pattern until a breakout from either the pattern's high at 68.61 or low at 67.40 (shown as two orange lines).
