USOIL H4: SHORT IT! 10% correction. SHORT/HOLD(NEW)

25 Okt 2020Why get subbed to me on Tradingview?

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USOIL H4: SHORT IT! 10% correction. SHORT/HOLD(NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
Tagged as SHORT as I expect more losses.
HOWEVER. Entry from overhead. read entire
idea before executing this trade.

🔸 Summary and potential trade setup
::: USOIL 4hour/candle chart review
::: distribution in range now
::: one final PUMP remains
::: 39USD-41USD final PUMP
::: SHORT IT from range highs
::: later near 41 USD/bbl
::: this market is maxed out
::: BEARS will target retest
::: of key S/R zone at 37 USD/bbl
::: 10% correction pending
::: so get ready to short it
::: and get paid later
::: WAIT for price to MAX OUT
::: near 41 USD/bbl
::: and short high
::: recommend to SHORT/HOLD
::: recommended strategy: SHORT/HOLD
::: 41USD best entry. TP bears is 37USD
::: SWING trade setup do not expect
::: fast/miracle overnights gains here
::: good luck traders
🔸 Supply/Demand Zones
::: 39USD fresh demand zone
::: 41USD fresh supply zone
🔸 Other noteworthy technicals/fundies
::: TD9/Combo update: N/A
::: Sentiment short-term: BULLS/FINAL PUMP
::: Sentiment outlook mid-term: BEARS