The first time I've actually looked at Oil
but let's see how this goes, as the structure corresponds with fib levels it would be interesting to enter a short indicated by the first green line, a long wick candlestick
previously reached this region before a reversal, if Oil
can break below I think there is potential to hit the following green lines. Market structure + Fib. No RSI
as there is not sufficient case for over or under sold so omitting this from the analysis.
In case not clear 62.20 is entry so the price has to fall from current level to reach a pending order in which case trade is entered.