from the look we have clearly had a down trend , from the analysis above . what we will do is wait for the market to either give us a break through both from the trend resistance line and the resistance structure , retest , later then we can seek an entry in the intraday time frames to long it to the next structure point .
for shorting opportunity , we will be...
This one is classic.
Zoom, test and a potential re-test.
However, the target is the lower medianline parallel.
If we close above the centerline, then chances are very high for a pullback to the upside.
P!
Here we have it picture perfect!
On the left side, you can see the big sine-wave-swing.
These sine-wave swings often get broken fist, before
a further movement in the original direction.
And so it happened.
Price was not able to move further north.
Oil organisations did all to keep price up - even manipulating in the news...
As I wrote in the previous post:...
The zoom below the centerline gave us a high potential of a test/retest, and here we are.
Most likely price will go south from here.
The potential target is the sliding parallel.
P!
