Check the Post below with the chart showing the details.
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Premium Post: USOIL on a deeper retracement
USOIL on the weekly chart is moving inside an ascending channel within a wide monthly descending one .
The market after the perfect test of the upper trendline got sharply rejected closing the week above the support area around 59.
During next week we can expect a deeper retracement and according to Plancton's strategy if the conditions will be satisfied we can set a nice short order.
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in market will be taken only condition of strategy trigger. [ s2If]
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