Today we continue what we talked about previously regarding oil
After reaching BC levels on the 4H time frame, today I wanted to see the movement in detail on a smaller time frame so that we can catch the beginning of the trend change and get the best entry point again.
As shown in the chart, we see a bearish sequence forming that reached BC levels, which are considered the best levels to buy again, and as we can see, approximately 450 pip has been achieved.
Now we notice the formation of a small bearish sequence with which our goal is to return to the healthy correction levels (wcl) and then resume the rise again. From my point of view, I see the best entry point to be 73.93.
To have a complete view of what we are working on, see the last idea that I published previously