OIL in value area for potential LONG reversal 🧨

HTF - significant drops have broken all time lows. False breakout to upside now price correctively moving back down to double bottom area |
LTF - price decelerating towards lows and outer structure, currently within a descending channel signalling upside breakout potential |

No need to rush this one with so much potential for upside. Will be waiting for price to reverse at double bottom or just break below first, then a bull flag. Otherwise if outer structure is reached within a clear pattern, happy to take an early entry