USOIL Monthly/Weekly/ Daily analysis 🦐

TVC:USOIL   CFDs on WTI Crude Oil
USOIL on the monthly chart is moving inside a descending channel .
The price after hitting the huge monthly resistance at 43.50 got rejected and touch the weekly support around the 37 areas.
On the lower left chart, we can notice that the market created a double bottom with the last week closing in a double bottom higher close.
The daily chart (lower right) shows us that price is moving in an ascending channel , attempt but couldn't break the daily resistance at 41.30
IF the price will manage to break and close above the daily resistance we can set a nice long order according to Plancton' strategy.

Follow the Shrimp 🦐

Keep in mind.

β€’ 🟣 Purple structure -> Monthly structure.
β€’ πŸ”΄ Red structure -> Weekly structure.
β€’ πŸ”΅ Blue structure -> Daily structure.
β€’ 🟑 Yellow structure -> 4h structure.
β€’ ⚫️ Black structure -> >4h structure.

Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
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+1 Reply
plancton0618 Mahtab_sh
@Mahtab_sh, appreciate your feedback
many thanks!)
+1 Reply
@Solldy thanks for the support πŸ‘πŸ½πŸ¦
I agree with you thanks for sharingπŸ˜ƒ
+1 Reply
plancton0618 Helical_Trades
@Helical_Trades appreciate it
good work here
+1 Reply
plancton0618 Alexander_Harford
@Alexander_Harford thanks mate
Nice and Clean Setup, Thanks for sharing
+1 Reply
plancton0618 Mahtab_sh
@Mahtab_sh, thanks for your comment 🦐
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