Hello everyone:
OIL had its bearish move from last week, and I am looking closely for the up coming days to see if we get the right price action for more sell opportunities.
We see price is in this larger structure corectively moving price in a side way consolidations.
Latest structure I see a parallel type of channel, and price managed to break below from the recent double tops.
Strong continuation sell momentum has push the price out of the larger structure now, which is looking good for more downside.
Since price already push down quite a bit, so waiting for a lower time frame correction will be the ideal entry for more downside.
Thank you
OIL had its bearish move from last week, and I am looking closely for the up coming days to see if we get the right price action for more sell opportunities.
We see price is in this larger structure corectively moving price in a side way consolidations.
Latest structure I see a parallel type of channel, and price managed to break below from the recent double tops.
Strong continuation sell momentum has push the price out of the larger structure now, which is looking good for more downside.
Since price already push down quite a bit, so waiting for a lower time frame correction will be the ideal entry for more downside.
Thank you
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