I am looking for a bullish response in Oil to start correcting the bearish impulse from the 77 highs. For my Dollar, Silver and Gold update you can check my weekly video's.
Safe trades!
Note
I call 56 zone based on structure which will meet the minimum requirements at that specific zone. So do not confuse me calling a level by any other strategy since I created my own unique strategy. 'Minimum requirements' means manage accordingly, on the other hand; not 'meeting requirements' most often means a break-even trade and understand the difference between an extension and a continuation so you can profit from both.
Note
This corrective structure resulted in 2 break even trades before the clear flag formation broker lower. I did not participate in the sell since I rather trade continuations (with numerous instruments out there I simply trade the best possible set-up) We are still moving lower within one unique wave and once that starts forming a bottoming formation I will update once again. Merry Christmas and see all next year!
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