(1h) Bearish Butterfly

USOIL

Safe Trades;

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Adjusted Fibs, Stops and Targets

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1st target at 38 fib

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For the price to forge an ABCD pattern where the movement from A to B is = to the movement from C to D (ab=cd pattern), we need the price at the 38% levels

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RSI Structure*

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Manage your trades:

At 38% from previous move, RSI structure.
A projection as an AB=CD pattern will send the price to the 2nd target the 618.

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Monthly Chart to keep in consideration :)

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Structure and price action update:

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