Hello traders,
Last week, USOIL did not break through the weekly structure. Does it mean this smile curve fail?
Not exactly, it looks like a longer time and wider space for USOIL to sideway move in at the bottom. Check this left weekly chart for details.
In the 4H right chart, USOIL is making a bearish 4H top again, so it could be safer to follow this 4H bear swing first. And then find a new opportunity to buy from the bottom again.
GOOD LUCK ON THIS WEEKLY PLAN.
LESS IS MORE!