Oil has been treating previous month's 50% level as fair value.
Simple fib level retracement from last Thursday's expansion.
Confluence of last month's 50% acting as f value + 70.00 key level + 50% fib retracement level
300 pip drop to previous week's low.
Keepin' it simple.
Simple fib level retracement from last Thursday's expansion.
Confluence of last month's 50% acting as f value + 70.00 key level + 50% fib retracement level
300 pip drop to previous week's low.
Keepin' it simple.
Comment:
Initial entry overshot to 70.88 which was an H2 swap zone. Looking for a break in structure down for a short back down to 27 ext