4HS and Daily Analysis on US OIL by ThinkingAntsOk
Use this as a guide to develop your own setup
Main items we can see on the 4HS chart:
a)Currently, the price is on a corrective structure (Flag Pattern)
b)Flag Patterns are considered continuation structures
c)The Only level that remains as a solid Support zone is the current one
d)We will be waiting for a breakout of the structure, and then a small correction below the Flag Pattern
e)If that happens we will trade the breakout of the small correction (Green and red arrows)
f)If this scenario goes as expected, we have a really interesting Downside potential.
Daily Analysis:
Main items we can see on the 4HS chart:
a)Currently, the price is on a corrective structure (Flag Pattern)
b)Flag Patterns are considered continuation structures
c)The Only level that remains as a solid Support zone is the current one
d)We will be waiting for a breakout of the structure, and then a small correction below the Flag Pattern
e)If that happens we will trade the breakout of the small correction (Green and red arrows)
f)If this scenario goes as expected, we have a really interesting Downside potential.
Daily Analysis:
