USOIL confirm the uptrend 🦐
Updated
USOIL on the 4h chart is in a strong bullish trend.
The price after the break above the daily resistance confirms the continuation, retests the structure, and now is testing a minor resistance.
How can we approach this scenario?
The current European-Russian situation put the energy markets under high pressure and increased volatility.
We will check if the price will break above the structure and in that case, we will set a nice long order according to Plancton's strategy rules.
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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 the market will be taken only if the condition of the Plancton0618 strategy will trigger.
The price after the break above the daily resistance confirms the continuation, retests the structure, and now is testing a minor resistance.
How can we approach this scenario?
The current European-Russian situation put the energy markets under high pressure and increased volatility.
We will check if the price will break above the structure and in that case, we will set a nice long order according to Plancton's strategy rules.
-––
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 the market will be taken only if the condition of the Plancton0618 strategy will trigger.
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Some break after the strong impulse, 30% profit..not so bad Note
Note
even in the high volatility OIL is still a technical market, the price in fact stop exactly at the 0.382 Fibonacci 
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