Potential Area to Short Oil
Could be getting some rejection from this Daily Triangle on USOIL. Getting Confluence with Supply/Demand Zone Analysis
And lower timeframe Market Structure
If price can stay below 60.93 our first realistic targets for a short day would be around 59.90 at the bottom of the Supply zone that its currently dropping through.
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Potentially in an area to get short here if price rejects 60.93
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Last chance? Need a rejection under Daily MA...
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Buyers were fighting there for a minute eventually bears took over.
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Breakage above 60.93, trade invalidated for the time being
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Just in time too, could've taken a quick long here as this was a pivot point for the market
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Just a day early!
