Crude Oil Trade Idea for Next Week - CL CLK2024 USOIL Crude Oil
The weekly candle close this week respected the bearish weekly volume imbalance, respected the bearish weekly orderblock, and failed to close above the previous weeks high.
For this reason, I am targeting the PWL as a DOL.
I will be looking for price to trade up into H4 premium arrays and reject from them. Once I see bearish arrays being respected on the H4, I will look for m15 bearish displacement to confirm entry with the PWL as the target.
For this reason, I am targeting the PWL as a DOL.
I will be looking for price to trade up into H4 premium arrays and reject from them. Once I see bearish arrays being respected on the H4, I will look for m15 bearish displacement to confirm entry with the PWL as the target.