OIL - When will the decline begin?
Taking this one to a higher timeframe chart so you can see what's going on here, the photo is simple, so let this explanation paint the picture.
We have been in a large corrective structure for quite a while, that should soon be over. To me, this could already be done, due to the sharp drop that took us below the daily structure line. We are pulling back above it, but dropping to a H4 shows the current candle formations looking very 'corrective' mean I believe another drop is coming. NO, it won't be super quick. But from the small amount of ideas I have shown so far you can see that I like the longer term plays.
You can see I have set my sell limits, and NO, this is not a signal from me, rather just transparency. Always trust your own analysis.
We have been in a large corrective structure for quite a while, that should soon be over. To me, this could already be done, due to the sharp drop that took us below the daily structure line. We are pulling back above it, but dropping to a H4 shows the current candle formations looking very 'corrective' mean I believe another drop is coming. NO, it won't be super quick. But from the small amount of ideas I have shown so far you can see that I like the longer term plays.
You can see I have set my sell limits, and NO, this is not a signal from me, rather just transparency. Always trust your own analysis.
Nota
We have missed our sell limits getting hit, BUT, it looks like it could be a more complex correction happening and another leg up to complete it is on the cards. I've adjusted my sell limits to be around that 78.6% line you can see there. Always trust your own analysis. I am ONLY looking for sells and not any shot term buys based on probability. 
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.