USOIL POSSIBLE ANALYSIS
After consolidating for some time, price eventually broke structure to the upside with momentum and thereby continuing with it's established uptrend. It further retraced back into the the structure where it mitigated our golden zone. It immediately shifted trend from bearish to bullish( on 1h tiemframe) after that, giving us an opportunity to join in on longs off a 45 min orderblock that was formed during the lower timeframe expansion.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.