After seeing the first drop at 60.25, oil has been declining ever since.
And a pattern is seen on the 1 hour.
I see this as a CP (Continuation Pattern)
To tie in this thought, I also see compression into demand where buyers keep buying until it reaches an area where supply exceeds demand and it quickly falls,
Within that blue zone, price will form supply once more and freefall.
This is a high probability, low risk trade forming.
Easy 6R trade!
Until next time beloved!
Enjoy your weekend!