Crude oil Multiple timeframe analysis (Higher timeframes)
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Monthly TF at Major Supply range.
Weekly TF trading between a range, currently formed Bearish divergence.
Daily TF formed a New low on Thursday, sign of Downtrend.
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In DAILY TF, Can expect fall after testing SMA 20 / Fibonacci Retracement level of 61.8%.
Target levels 62$, 59$ & 57$..
Follow with 4H /1H TF for more confirmation. (These are in Buy to retracement for Daily TF's Sell swing).
Think in Probability. Trade based on your Financial goals & Risk tolerance..
Weekly TF trading between a range, currently formed Bearish divergence.
Daily TF formed a New low on Thursday, sign of Downtrend.
SHARE YOUR VIEWS
In DAILY TF, Can expect fall after testing SMA 20 / Fibonacci Retracement level of 61.8%.
Target levels 62$, 59$ & 57$..
Follow with 4H /1H TF for more confirmation. (These are in Buy to retracement for Daily TF's Sell swing).
Think in Probability. Trade based on your Financial goals & Risk tolerance..
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NO PROPER REVERSAL IN LOWER TIME FRAME, STRONG BULL CONTINUES.
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