USOIL WTI Crude Oil Technical Analysis
see picture for analysis
-Higher Timeframe Trend = downtrend
-Price broke upward trend line
-Price removed opposing pivot demand
-RBD 4hr supply created
-Price below 200MA
-Some traders will look to short pullback into 4hr supply
while other traders will use the 4hr as the HTF
and wait for price to return into the 4hr supply
and use the 5 or 15min for confrimation short entries.
-Higher Timeframe Trend = downtrend
-Price broke upward trend line
-Price removed opposing pivot demand
-RBD 4hr supply created
-Price below 200MA
-Some traders will look to short pullback into 4hr supply
while other traders will use the 4hr as the HTF
and wait for price to return into the 4hr supply
and use the 5 or 15min for confrimation short entries.
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