H1:
- Downtrend
- Tendency: downward
- Swing low: Bottom forming
--> Waiting upward pullback
==> Give signal--> Sell
- Downtrend
- Tendency: downward
- Swing low: Bottom forming
--> Waiting upward pullback
==> Give signal--> Sell
Comment:
I don't recommend to Buy in this case but if you can find a reliable setup for Buy such as Breakout or such you can employ by yourself. If while Buying is a minor correction to me, I trust that bearish trend is still the main theme of Oil.
Trade closed: target reached:
As you can see, the main theme exposed as a strong downtrend. That's why if you are not sure that your own setup are ready for counter trend, don't trade it.