Oil Double Scenario
W1 - Bearish convergence, we may now expect pullbacks to happen and then we may expect bearish continuation.
H4 - Two false breaks with bullish divergence.
We may now expect the price to move higher and break above the critical zone, we may then expect pullbacks to happen with hidden bullish divergence to form.
We may then start looking for buys with more bullish evidences.
We may look for buys until we get opposite signs. Once we get bearish evidences then its time to switch over to sells.
H4 - Two false breaks with bullish divergence.
We may now expect the price to move higher and break above the critical zone, we may then expect pullbacks to happen with hidden bullish divergence to form.
We may then start looking for buys with more bullish evidences.
We may look for buys until we get opposite signs. Once we get bearish evidences then its time to switch over to sells.
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