Hey guys, hope everyone is doing great, we are going to continue our weekend analysis with USOIL in 30 minutes timeframe. as you can see, we are seeing the price is going through the Wyckoff accumulation on this particular timeframe.
I am expecting the price to test the supply zone before dropping off to lower levels to mitigate the unmitigated demand zone that was left. Even though my short-term bias is bearish, I will be expecting to see the bullish trend since we have made the break of structure earlier on bigger timeframes. I will consider this drop as a mitigation for now.
I am expecting the price to test the supply zone before dropping off to lower levels to mitigate the unmitigated demand zone that was left. Even though my short-term bias is bearish, I will be expecting to see the bullish trend since we have made the break of structure earlier on bigger timeframes. I will consider this drop as a mitigation for now.
