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NANAYAW77
May 24, 2023 10:16 PM

USOIL GOING FOR SELL Short

WTI CRUDE OILTVC

Description

USOIL been in Bearish Trend for the past two(2) weeks.But its most recent Lower High(LH) got broken.From my analysis there was no Inducement Level around the Lower High that was broken which is signaling a new trend formation which is a Bullish Trend.But in the 4hr Timeframe,there is a perfect trendline that has a great probability to be tested once again.A demand zone with an unfilled Gap lies very close to the trendline also builds up a confluence that the Gap will be filled and also respect the 4hr trendline.
Comments
dresipent
But what if we break trough? Holy shit, then we are directly on Goldman's $90 road?
NANAYAW77
@dresipent But what if it won't break through.As always,it's a game of probability.
dresipent
@geeyaw49, ...that's true too.
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