Hello everyone 👋
Sharing a clear bearish setup I’ve been tracking on USOIL.
After a long consolidation Range, price aggressively broke down through support and created a Break of Structure (BOS), confirming bearish momentum. It then retested previous broken levels and formed a strong rejection at Top Resistance.
We can clearly see the Volume Profile shifting — buyers were losing control while sellers stepped in around key resistance.
Another Range developed but failed to push higher, confirming distribution rather than accumulation.
The latest Breakout of Support further validates the bearish sentiment. I'm expecting price to revisit lower levels unless there's a significant shift in momentum.
🔍 Watching for retests around minor resistance and lower volume nodes for potential sell setups.
Sharing a clear bearish setup I’ve been tracking on USOIL.
After a long consolidation Range, price aggressively broke down through support and created a Break of Structure (BOS), confirming bearish momentum. It then retested previous broken levels and formed a strong rejection at Top Resistance.
We can clearly see the Volume Profile shifting — buyers were losing control while sellers stepped in around key resistance.
Another Range developed but failed to push higher, confirming distribution rather than accumulation.
The latest Breakout of Support further validates the bearish sentiment. I'm expecting price to revisit lower levels unless there's a significant shift in momentum.
🔍 Watching for retests around minor resistance and lower volume nodes for potential sell setups.
Trade active
Active Trade Note:Entered short after the confirmed Breakout of Support and BOS formation. Watching for potential retest near minor resistance as a continuation entry zone. Trade is active below Top Resistance, with targets toward recent low-volume areas.
Maintaining a tight risk above the rejection wick at resistance.
Note
"In USOIL, the recent breakdown of key support confirms a bearish continuation towards the projected downside target. This move aligns with the prevailing market structure, indicating that sellers remain in control. Traders should maintain strict risk management, monitor price action closely, and be prepared for potential volatility as the trend unfolds."
📈 Robert FX Assets | Verified Forex Analyst
📊 Smart Signals | XAUUSD | Risk Management
📬 Join Free Channel: t.me/RobertFXAssets
📊 Smart Signals | XAUUSD | Risk Management
📬 Join Free Channel: t.me/RobertFXAssets
Related publications
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.
📈 Robert FX Assets | Verified Forex Analyst
📊 Smart Signals | XAUUSD | Risk Management
📬 Join Free Channel: t.me/RobertFXAssets
📊 Smart Signals | XAUUSD | Risk Management
📬 Join Free Channel: t.me/RobertFXAssets
Related publications
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.