BEARISH TREND CONTINUES
LH , LL formations
Price took rejection from 61.80 % FIB level, along with the Trendline, acting as Resistance.
Currently, price is getting rejected from 78.60 % FIB and Hourly Resistance.
In this process, a LL, and LH are created
Bearish Engulfing found at LH
Strong Daily support lies below, if it is broken, a short entry will be taken.
#usoil, 9th daily inside bar, 10th insurance bar indication for weakness ahead. 14th june key reversal bar further dictation for lower price ahead. use low risk and divide risk into multiple position. sell with low risk cmp 116.32, more if up 119.20 even 120.90 with stop loss 121.60-70 for target 107.80. 110.20-00 initial support may take profit partially there...
