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OIL(USoil ) massive sell off incoming 430 Pips

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We clearly see a nice daily downward trend and price still respecting the lower high level which is also in confluence with EMA pointing downward, showing still continuation
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As we move down to lower timeframe like H4 and H1 we see price breaking structure to downside and current price is testing it as resistance
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also it respecting the 50% fib level we could see a fake-out to grab liquidity to downside, so wait for a nice reversal candlestick and bearish volume

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even another entry now is still good, price broke the neckline and retracing to retest resistance

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Заметка
secure your profit and let it ride to the target

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Chart PatternsCommoditiescommoditytradingdaytradingforexsignalsmarketstructureOilTrend AnalysisuksoilCrude Oil WTIWave Analysis

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