USOIL we are extremely overbought and over extended.... on the daily market has made a strong bullish impulse after a impulse we expect to see a correction, to at least the 0.382 fibonacci, also on the daily we have a W formation giving us a more confluence to see the pullback, we will be waiting on lower timeframes for momentum to slow and market structure to change then once our rules are met we will be taking a nice intraday short position.
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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.