Based on harmonics and structure oil finished a bearish bat pattern. There should be some correction. Based on the bullish bat, a prz is around 54...I am only interested in the short after the correction is broken. Happy trading!
Short based on harmonics and structure. Overall bearish set up with a bit of correction. Bearish bat gave me a great exit on the last bearish impulse highlighted in yellow. Drew a Bullish bat to confirm. Ratios are lining up. However I am only looking to short either on breakdown of the current expanding triangle ...
This market has moved downward with increasing speed since being rejected at key resistance zone.
Passed the opportunity to short from the first pullback yesterday as the potential support zone 51.6 from Daily is nearby.
Waiting for shorting opportunity from this second pullback to 20ema or re-test of broken support.