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Following the downward scenario presented on oil last October 21 , prices have dropped to the first target level, and now it is moving in the direction of the second:
Plan:
Development:
In fact, oil bulls are already squeezed below the level of 36.4. If we want to continue bringing the price down to the second target level, short positions must continue to be opened until the breakdown of 36.4.
As for the medium term, shorts should be opened after a false breakout from the lower border of the auction.
These follow the Price Action and Stop Hunting strategies.
Of course, risks are needed to be monitored and controlled to avoid losing profit. Trading in the market is very precarious and uncertain, but also very profitable if you use the right techniques
Good luck!
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