20 Reason for sell OIL

2 Ara 2022

🔆MULTI-TIME FRAME TOP-DOWN ANALYSIS OVERVIEW☀️
1 ✨Eagle eye: Sideways
2 📆Monthly: Bullish to corrective mode
3 📅Weekly: a clear bear trend is established with proper lower lows
4 🕛Daily: bear and filled out corrective move now just ready for the next impulse move in bearish side

😇7 Dimension analysis
🟢 analysis time frame: Daily
5: 1 Price Structure: bear
6: 2 Pattern Candle Chart: long shadow rejected at resistance
7: 3 Volume:
8: 4 Momentum UNCONVENTIONAL Rsi: Sideways to bear
9: 5 Volatility measure Bollinger bands: rejected at the middle band
10: 6 Strength ADX: just beginning strength for bears
11: 7 Sentiment ROC:

✔️ Entry Time Frame: H4
12: Entry TF Structure: sideways
13: entry move: wait yet
14: Support resistance base: upper resistence
15: FIB: nil

☑️ final comments: wait for breakout
16: 💡decision: sell
17: 🚀Entry:79.90
18: ✋Stop losel: 81.5
19: 🎯Take profit: 73.66
20: 😊Risk to reward Ratio: 1:6
🕛 Excepted Duration: 10 days