You can clearly see the structure $NOM is dumping in a patterned way……

First, it got rejected at resistance, then consolidated at the second rejection similar to how it consolidated before pumping earlier. But now, instead of pumping, it’s forming the same structure for a downside move.

After this consolidation, it’s likely to continue dumping. The setup looks bearish, and it can be seen as a short opportunity.

It appears that whales who entered during the pump have taken profits and are now selling, which is pushing the price downward again.

This could be a chance to profit from the move, but don’t rely on certainty always manage your risk and follow proper trade planning.

#OilPricesDrop #TrumpSaysIranWarHasBeenWon

NOM
NOM
0.00244
-14.08%