Hello Traders,
USOIL has been moving within a strong reversal structure since the end of June making multiple swing highs & lows indicating that we could see price breakout creating upside momentum soon or we could see a continue downward if price is unable to stay above the 90.40 level.
If price impulsively breaks out of this reversal stucture, I would be requiring to see a bullish continuation correction consisting of 5-6 candle sticks to validate a buy opportunity with my target range just below 105.00 level.
If we are u able to see a breakout and price pushes downward, I would be looking for a LTF reversal at the mid 85.00 range for another buy opportunity.
Thanks
Trade Safe
USOIL has been moving within a strong reversal structure since the end of June making multiple swing highs & lows indicating that we could see price breakout creating upside momentum soon or we could see a continue downward if price is unable to stay above the 90.40 level.
If price impulsively breaks out of this reversal stucture, I would be requiring to see a bullish continuation correction consisting of 5-6 candle sticks to validate a buy opportunity with my target range just below 105.00 level.
If we are u able to see a breakout and price pushes downward, I would be looking for a LTF reversal at the mid 85.00 range for another buy opportunity.
Thanks
Trade Safe
