OIL in value area for potential LONG reversal 🧨
HTF - significant drops have broken all time lows. False breakout to upside now price correctively moving back down to double bottom area |
LTF - price decelerating towards lows and outer structure, currently within a descending channel signalling upside breakout potential |
No need to rush this one with so much potential for upside. Will be waiting for price to reverse at double bottom or just break below first, then a bull flag. Otherwise if outer structure is reached within a clear pattern, happy to take an early entry
LTF - price decelerating towards lows and outer structure, currently within a descending channel signalling upside breakout potential |
No need to rush this one with so much potential for upside. Will be waiting for price to reverse at double bottom or just break below first, then a bull flag. Otherwise if outer structure is reached within a clear pattern, happy to take an early entry
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.