Potential trend break in oil (Trend trading)
If we take a look at the large trend on D1 we can clearly notice a downward trend.
We are in a smaller upward trend, but I think we will break this trend in the next few weeks and the downward trend will continue
If the last low breaks I would speculate on a new smaller downward trend
Blue and orange= large trend
light blue and red= smaller trend
white= possible movment
We are in a smaller upward trend, but I think we will break this trend in the next few weeks and the downward trend will continue
If the last low breaks I would speculate on a new smaller downward trend
Blue and orange= large trend
light blue and red= smaller trend
white= possible movment
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