US OIL — Bearish Reversal Setup | Intraday Selling Opportunity
US Oil is showing a bearish structure on both the 4H and Daily timeframes, indicating that the broader market structure remains negative.
On the 1H timeframe, price has formed an Uprising Curve Pattern, while the previously identified 100% demand zone has already been completed/mitigated. This reduces the probability of strong fresh buying from the current area.
🔻 Bearish Reversal Zone
The current levels can act as a potential bearish reversal zone. However, I would prefer confirmation rather than entering immediately.
The key confirmation will be a 1H downside Initial Reversal (I.R.).
📉 Trading Plan
Higher Timeframe: Daily & 4H structure bearish
1H Structure: Uprising Curve Pattern
Demand: Previous 100% demand completed
Bias: Bearish
Confirmation: 1H downside I.R.
Entry: Short after a confirmed 1H downside I.R.
Trade Type: Intraday selling
Invalidation: If price strongly breaks and sustains above the bearish reversal structure
Once the 1H downside I.R. is confirmed, traders can look for intraday selling opportunities according to their risk-management rules.
⚠️ This is a technical setup, not a guaranteed prediction. Wait for confirmation and manage risk properly.
On the 1H timeframe, price has formed an Uprising Curve Pattern, while the previously identified 100% demand zone has already been completed/mitigated. This reduces the probability of strong fresh buying from the current area.
🔻 Bearish Reversal Zone
The current levels can act as a potential bearish reversal zone. However, I would prefer confirmation rather than entering immediately.
The key confirmation will be a 1H downside Initial Reversal (I.R.).
📉 Trading Plan
Higher Timeframe: Daily & 4H structure bearish
1H Structure: Uprising Curve Pattern
Demand: Previous 100% demand completed
Bias: Bearish
Confirmation: 1H downside I.R.
Entry: Short after a confirmed 1H downside I.R.
Trade Type: Intraday selling
Invalidation: If price strongly breaks and sustains above the bearish reversal structure
Once the 1H downside I.R. is confirmed, traders can look for intraday selling opportunities according to their risk-management rules.
⚠️ This is a technical setup, not a guaranteed prediction. Wait for confirmation and manage risk properly.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.