Optimum369

20 Reason for sell OIL

Short
TVC:USOIL   CFDs on WTI Crude Oil
🔆MULTI-TIME FRAME TOP-DOWN ANALYSIS OVERVIEW☀️
1 ✨Eagle eye: Sideways
2 📆Monthly: Bullish to corrective mode
3 📅Weekly: a clear bear trend is established with proper lower lows
4 🕛Daily: bear and filled out corrective move now just ready for the next impulse move in bearish side

😇7 Dimension analysis
🟢 analysis time frame: Daily
5: 1 Price Structure: bear
6: 2 Pattern Candle Chart: long shadow rejected at resistance
7: 3 Volume:
8: 4 Momentum UNCONVENTIONAL Rsi: Sideways to bear
9: 5 Volatility measure Bollinger bands: rejected at the middle band
10: 6 Strength ADX: just beginning strength for bears
11: 7 Sentiment ROC:

✔️ Entry Time Frame: H4
12: Entry TF Structure: sideways
13: entry move: wait yet
14: Support resistance base: upper resistence
15: FIB: nil

☑️ final comments: wait for breakout
16: 💡decision: sell
17: 🚀Entry:79.90
18: ✋Stop losel: 81.5
19: 🎯Take profit: 73.66
20: 😊Risk to reward Ratio: 1:6
🕛 Excepted Duration: 10 days

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.