WC 26 June WTI OIL Short Setup
Oil has been treating previous month's 50% level as fair value.
Simple fib level retracement from last Thursday's expansion.
Confluence of last month's 50% acting as f value + 70.00 key level + 50% fib retracement level
300 pip drop to previous week's low.
Keepin' it simple.
Simple fib level retracement from last Thursday's expansion.
Confluence of last month's 50% acting as f value + 70.00 key level + 50% fib retracement level
300 pip drop to previous week's low.
Keepin' it simple.
Note
Initial entry overshot to 70.88 which was an H2 swap zone. Looking for a break in structure down for a short back down to 27 ext
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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.