usoil h4 xabcd short from resistance target 68 usd

🔸Today let's review the 8 hour chart for US oil . Noteworthy bounce in progress
after accumulation near lows, however currently getting overbought, we are
closing in on a cluster of stop losses / heavy overhead resistance.

🔸XABCD structure is defined by point X at 70 usd, point A at 78 usd, point
B at 72 usd, point C at 79 usd, point D at 68 usd. speculative XABCD setup.

🔸Recommended strategy for BEARS: bulls will likely trigger clusters of overhead
stop losses near 78 usd and 79 usd, look for reversal / rejection near 79 usd
and short sell, SL at 82 usd, TP1 is 72 usd, TP2 / final exit at point D / 68 usd.
swing trader setup, patience required. good luck!

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