USOIL broke and closed below a significant horizontal support of a trading range on a 4-hour timeframe.
Upon retesting the broken structure, the price bounced and violated a resistance line of a falling wedge pattern.
This indicates a highly probable resumption of a bearish trend.
With high probability, the price will hit the 84.00 level soon.
Upon retesting the broken structure, the price bounced and violated a resistance line of a falling wedge pattern.
This indicates a highly probable resumption of a bearish trend.
With high probability, the price will hit the 84.00 level soon.
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Disclaimer
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