Crude oil Daily TF forming Channel, Breakout might be at bottom.
Currently market is between Major Supply & Demand ranges (Weekly TF).
Formation of Channel in daily TF is respected by lower time frames 4H & 1H.
Channel formation at Lower high of daily TF, So breakout might be at the bottom of the channel (High Probability).
Trade based on your Financial goals & Risk tolerance.
Think and trade in probability.
Formation of Channel in daily TF is respected by lower time frames 4H & 1H.
Channel formation at Lower high of daily TF, So breakout might be at the bottom of the channel (High Probability).
Trade based on your Financial goals & Risk tolerance.
Think and trade in probability.