USOIL - Shark PRZ violated, sell on retestHey guys, this is a follow up on my view on USOIL after my webinar yesterday.
Pattern Identification
I see a bullish shark completing at 51.20 yesterday.
Trade Execution
I was telling everyone to watch for a reaction at the PRZ before any longs.
Because we do not trade with pending orders, this is a trade that we did not get to execute and I am glad this way of execution has prevented so many losses for my followers.
Going forward, violated PRZ zones usually become very good S&R levels.
I will be looking to short USOIL upon a retest of 51.20 preferably after a pinbar/hammer is formed at 51.20.
Will keep you guys posted!
