OIL back into bearish market ?
Diupdate
Hi traders:
Haven't traded oil for quiet sometimes since the crushed, but not it seems to shaping up for some good opportunities for the sell.
Overall we see price action has been in a sideway consolidation period for awhile after the bullish push up.
We see this sideway correction, ascending in nature, finally broken down, showed us a strong bearish impulse.
then price begin to form this expanding type of structure, good indication the bearish momentum can resume.
Now we see price is at the top of this structure ,and a LTF pushed down has happened.
I would wait for the continuation correction here to get in the sell down.
Thank you
Haven't traded oil for quiet sometimes since the crushed, but not it seems to shaping up for some good opportunities for the sell.
Overall we see price action has been in a sideway consolidation period for awhile after the bullish push up.
We see this sideway correction, ascending in nature, finally broken down, showed us a strong bearish impulse.
then price begin to form this expanding type of structure, good indication the bearish momentum can resume.
Now we see price is at the top of this structure ,and a LTF pushed down has happened.
I would wait for the continuation correction here to get in the sell down.
Thank you
Komentar
break down from ascending structure.
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