Could be getting some rejection from this Daily Triangle on USOIL. Getting Confluence with Supply/Demand Zone Analysis
And lower timeframe Market Structure
If price can stay below 60.93 our first realistic targets for a short day would be around 59.90 at the bottom of the Supply zone that its currently dropping through.
And lower timeframe Market Structure
If price can stay below 60.93 our first realistic targets for a short day would be around 59.90 at the bottom of the Supply zone that its currently dropping through.
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Potentially in an area to get short here if price rejects 60.93
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Last chance? Need a rejection under Daily MA...
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Buyers were fighting there for a minute eventually bears took over.
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Breakage above 60.93, trade invalidated for the time being
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Just in time too, could've taken a quick long here as this was a pivot point for the market
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Just a day early!