New Trade Idea USOIL
Primary Trade Setups
I see a vertical uptrend that was the recovery of an incredibly long descent. Let's hope the next correction in the areas marked always below the previous maximums. Not before. Unless the price reaches exactly 61% of 1D recoil without deviating. in this case, we will enter without waiting for the new test and maybe we can enter again in the other areas marked.
Secondary Trade Setup:
If the price decides to lower, we will wait for a new test in the area marked below the previous maximums. I believe that movement is a new test when the candles of the opposite color are raised and then rejected. There must be at least one candle closed on the opposite side.
I see a vertical uptrend that was the recovery of an incredibly long descent. Let's hope the next correction in the areas marked always below the previous maximums. Not before. Unless the price reaches exactly 61% of 1D recoil without deviating. in this case, we will enter without waiting for the new test and maybe we can enter again in the other areas marked.
Secondary Trade Setup:
If the price decides to lower, we will wait for a new test in the area marked below the previous maximums. I believe that movement is a new test when the candles of the opposite color are raised and then rejected. There must be at least one candle closed on the opposite side.
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