Price closed below an important low on Friday as it can be seen in the chart, also there is a clear 4H timeframe bearish structure which leads us to believe that now we can wait for a corrective move towards the 2 key highlighted areas to sell oil again.
remember if price can close above the arrow it means there is a good chance for price to retrace all the way up to the second resistance area. which is a short term structure point
remember if price can close above the arrow it means there is a good chance for price to retrace all the way up to the second resistance area. which is a short term structure point
Trade chiuso: obiettivo raggiunto:
price tapped into the structure area acting as a resistance to price.
formed failure swing formation in lower timeframe and got rejected from the area
formed failure swing formation in lower timeframe and got rejected from the area
