WTI Oil SpotShort
USOIL analysis, 21 April 2024
Daily: Price has been bearish after taking the Daily-IRL (FVG-), now price has been going towards to the D-ERL (80.331), W-ERL, confirming daily bearish-MSS.
Daily Bias: Bearish.
H1: The price has been taken the D-ERL again & confirmed the daily Bearish CiSD, leaving behind H1-BPR- in OTE level, & a h1-FVG- above the 0.5 level.
there will be 2 scenarios here for short,
1. Low probability, the price come to the h1-FVG- balance the imbalance, then, If it starts to fall then a short could be formed.
2. High Probability: Price come towards the h1-BPR, takes the liquidity, then starts to fall.
Daily Bias: Bearish.
H1: The price has been taken the D-ERL again & confirmed the daily Bearish CiSD, leaving behind H1-BPR- in OTE level, & a h1-FVG- above the 0.5 level.
there will be 2 scenarios here for short,
1. Low probability, the price come to the h1-FVG- balance the imbalance, then, If it starts to fall then a short could be formed.
2. High Probability: Price come towards the h1-BPR, takes the liquidity, then starts to fall.
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