Note the sell pressure at the current price level.... very light.
Looks bullish. However as a trader you wait for retracements. In my opinion it shouldnt need to reach teh 25 level on RSI. I think we will see re-accumukation at or just below the centerline on RSI (1 hour). RSI is set to 7 (not 14).
Was listening to Peter Schiff on Odyessy and he mentioned oil so I figured I would check his work. I concur with his projection .
Practice*
Sources of education: Richard Wyckoff Tom Williams Volume spread analysis VSA/ Master the Markets Pete Faders VSA* Sam Seiden (supply and demand) Read the ticker dot com Wyckoff analytics PsychFX MentFX Element 15 trades (bitchute/odessy)
Avoid buying into weakness/supply/resistance Avoid selling into strength/demand/support Avoid entry when price is in middle of a range (phase B)