USOIL buy setup update

Nov 18, 2023

nothing much changed from our previous analysis, price broke counter trendline on daily and pulled back to 0.236 fib level which was in confluence with a trendline on weekly and a minor support zone. just like the last analysis we dont get caught hanging we will wait for a break of the counter trendline on 4hr depending on how it breaks will determine maybe we will wait for a pull back or just enter straight away. if price just break with a great impulse we will wait for price to make a pullback before entering because our sl will be too big but if price consolidate a little before breaking then we will enter on the break and stops below the consolidation

Nov 23, 2023

Note

the break and pullback as happened and there is a inverse head and shoulder, so we will wait for it to break before we can try to go long