Looking at US Oil at the moment. I am waiting for price to push lower and react with the fib levels and looking for a gold cross on the wavetrend indicator. If we get a reaction on the 50 EMA, this would be 3 confirmations. We can then drill down to the lower timeframes to time our entry using VMC buy signal.
Let's see how this plays out. A little patience is needed.
Keep trading!
~Trader Jonee De Leon