We are bearish on oil as price has broken bullish structure.
We are looking for short term intraday opportunities down to our long zone before switching bias bullish again.
However if we break above our short zone then our bearish bias is void.
We are looking for short term intraday opportunities down to our long zone before switching bias bullish again.
However if we break above our short zone then our bearish bias is void.
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Price came into our zone however we didn't get any confirmation so we did not short. On top of that it looks like price has also broke out invalidating our analysis.