USOIL about to go for a dive
After price broke structure, it made a minor retracement that failed to fill the initial imbalance and preceded to break further structure. Now price has made a proper deeper retracement to fill the initial imbalance before it continues to expand to the downside. Price has formed liquidity below a POI that was formed in the process that it could use to fuel its move further down.
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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.