Hello Traders and everyone, I am Hadi Karaali, Known as SNIPERS_FX
If you like the idea, do not forget to support with a like and follow.
CRUDE OIL ZOOMED OUT PICTURE
As we clearly see price is still overall clearly bearish trading inside this channel.
Moreover, price recently broke below our support zone, so speculating new bearish movement as a new impulse wave.
And as the price will be trading lower, till the lower support and lower bound of the channel, we will be looking for new bullish correction movement.
Meanwhile, as the price will be testing again our resistance zone, we will be looking for new bearish movements.
If you like this kind of analysis don't forget to like and follow
and as usual follow your trading plan and manage your risk.
Be patient and good luck!
If you like the idea, do not forget to support with a like and follow.
CRUDE OIL ZOOMED OUT PICTURE
As we clearly see price is still overall clearly bearish trading inside this channel.
Moreover, price recently broke below our support zone, so speculating new bearish movement as a new impulse wave.
And as the price will be trading lower, till the lower support and lower bound of the channel, we will be looking for new bullish correction movement.
Meanwhile, as the price will be testing again our resistance zone, we will be looking for new bearish movements.
If you like this kind of analysis don't forget to like and follow
and as usual follow your trading plan and manage your risk.
Be patient and good luck!