Indices and commodities
#USOIL
Short
Active
USOIL — Strong Bearish Breakdown Setup.... for TVC:USOIL by XAUxBTC_Pro
TradingView
USOIL
Indices and commodities
Active
Current price
93.79
USD
PNL
-2.66%
93.79 USD
Stop Loss
3.44%
94.50 USD
Take Profit
3.13%
88.50 USD
Rationale
TradingView idea: USOIL — Strong Bearish Breakdown Setup.... for TVC:USOIL by XAUxBTC_Pro
TradingView symbol: USOIL
📉 USOIL — Strong Bearish Breakdown Setup
The chart shows a clean rejection from the descending resistance area followed by a strong breakdown below the rising trendline support.
Sellers are currently dominating momentum, increasing the probability of further downside continuation.
🔻 Sell Zone: 91.00 – 92.00
🎯 TP1: 88.50
🎯 TP2: 85.80
🎯 TP3: 82.50
🛑 Stop Loss: Above 94.50
📊 Price is trading below key structure and cloud resistance, which keeps the overall bias bearish.
As long as price remains …
Key details
- Ticker
- USOIL
- Asset class
- Indices and commodities
- Direction
- Short
- Status
- Active
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