12 NOV WTI / Crude oil Wyckoff + EW 15 M Short + Long scalps

FX:USOIL   CFDs on Crude Oil (WTI)
Howdy folks! I have erroneously assumed the WTI is doing an accumulation - whilst it has one on M15, it has failed the BU/LPS stage and the rejection at the trendline enforces the belief that we are actually witnessing a re-distribution, currently making its way to SOW stage. Whilst bias is bearish (with sights set on 58,8 - 58,6) there will be a handful of long scalping opportunities. I contemplate entering on the short side upon open of the market on Sunday, bailing out @ previous LOD, loading long scalps there for 59,7 -,9 again and then shorting from there to $58.
I will try to update the chart based on PA. GL!


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