Double Bottom Formation being set up on US OIL?

Price looks like it is going to make double bottom formation from where we can long till 39.8-40.1, but this is a temporary and short term move, expecting it to occur today or max by tomorrow. The main trend is short on Daily & Weekly time frames and target towards south looks like: 38, 37, 36, 35 on long term basis.

Yorum:

Structure respected my idea and its complete. After monthly closing step by step downward trajectory will be initiated.