Following up on my analysis we had a good short starting at 40,835 price. this move gave us a total of 370 ticks in profit. Im expecting price to drop a bit more but we might see some correction higher to take out buy side liquidity
Today we came into an orderblock on the 5m and bounce of it with good downwards pressure and we did not break through buy side liquidity, london session will either take price lower for sell side liquidity or we could see it go down a bit and go higher to take out buy side liquidity.
This is my Analysis on OIL for this coming weeks, I see oil very bullish looking to form this bullish Head & Shoulder Pattern.
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