USOIL on the 4h chart has bounced over the monthly support and broke the descending channel.
The price after the bounce create a move to the upside where it broke the downtrend and potentially could see a new trend to the upside.
Infact both the break of the channel and the "new" recent high are supporting this fact together with a test of the 50% move of the bullish impulse.
We will wait for a potential break of the 4h resistance and the confirmation of the Plancton0s strategy to look for a nice buying order.
The price after the bounce create a move to the upside where it broke the downtrend and potentially could see a new trend to the upside.
Infact both the break of the channel and the "new" recent high are supporting this fact together with a test of the 50% move of the bullish impulse.
We will wait for a potential break of the 4h resistance and the confirmation of the Plancton0s strategy to look for a nice buying order.
Comment:
currently breaking the structure
Comment:
break and retest as expected
Comment:
after the impulse we saw a resistance rejection
Comment:
5.4% delivered