ThinkingAntsOk

Correction coming on Crude Oil by ThinkingAntsOk

NYMEX:CL1!   Light Crude Oil Futures
Use this as a guide to develop your view of the chart.

Main items we can see on the 4HS Timeframe:

a)After the negative prices we saw on Crude Oil Futures , we had a rising in price towards current levels.

b)The price made a breakout of a yellow descending trendline

c)Most of the times when a structure is broken we will see a clear correction with similar proportions to the broken structure

d)Now we will be waiting for a clear correction on the Edge of the Yellow trendline before trading

e)If that happens, we will be in front of an excellent opportunity to look for long setups.
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