Weekly and 4HS analysis + Trade idea on Crude Oil ThinkingAntsOk

Use this as a guide to develop your view of the chart:

FIRST, let's start with the Weekly Chart:


a)The price is on the lower trendline of a massive corrective Structure + Support zone
b)We expect a Bullish movement on the long term towards the next Dynamic Resistance zone
c)ABCDE Patter is finished. We should deduce a bullish movement

SECOND, let's go to the 4hs chart:

a)The price is on the massive Support zone of the Weekly chart on its 3rd attempt to break it.
b)If the price failed. We should expect a bullish movement towards the secondary trendline of the bearish movement (4HS Target)
c)We will wait for an impulse and a small correction
d)We will set our orders above the structure and our stop below it.
e)Our Expected Risk Reward Ratio will be 1.8 more or less.