UKOIL Time to look for Reversal

Hi there,

UKOIL was falling strongly. We are having some nice price action on lower time frame watch bottom for buy and look for longer term reversal.


How you can trade on this chart.

1. Watch lower time frame correction and look for breakout and buy breakout

Or

2. Let the price fall for one more short term bearish wave on lower time frame then look for 1st impulse and join that.

In case price will keep pushing lower we will remain short term bearish but we will remain longer term bullish on UKOIL.

Please support the setup with your likes, comments and by following on Trading View thanks

Good Luck

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