1HR FIB BEARISH ANALYSIS
On the 1hr Fib level i am expecting price to hit the 0.786 fib level for an entry for a Short (Sell) and we analysis is on 1:4 Ratio with Take profits at the 0.5 fib level down to -0.27 fib levels.
Looking at the Chart from monthly view, the crude oil is still on a bearish trend because it failed to break out of the previous high and we have been experiencing lower lows from smaller timeframes.
Looking at the Chart from monthly view, the crude oil is still on a bearish trend because it failed to break out of the previous high and we have been experiencing lower lows from smaller timeframes.
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