As expected price broken down the wedge which is a reaction of 618 retracement of the downside movement. This will potentially create an impulse move to the downside when price retrace a little bit up and unable to break the resistance. However, it's also in its crucial area as it rejected in SMA(20). Buy Oil when price breaks up the resistance / the last swing high
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Move exactly to what we expect. Now wait for it to hit the supply zone in red to enter short position
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Unfortunately we missed 4pips and this trade is cancelled. Let's find another one