for anyone that saw my last post on oil, I outlined the Wyckoff Schematic #1 over oil.
we were waiting on a "Spring" as the next movement in the schematic. If price cannot recover and retest the lower support, now turned resistance.
then some painful downside will soon follow.
however; with optimism! If we're able to pull back up, then we'll be presented with a nice opportunity to buy long with a long hold target (my target is $35).
pay close attention to price action, and take caution bears. A lot of opportunity to trap players.
Good luck!.
see below related chart for the first post on the Schematic.
we were waiting on a "Spring" as the next movement in the schematic. If price cannot recover and retest the lower support, now turned resistance.
then some painful downside will soon follow.
however; with optimism! If we're able to pull back up, then we'll be presented with a nice opportunity to buy long with a long hold target (my target is $35).
pay close attention to price action, and take caution bears. A lot of opportunity to trap players.
Good luck!.
see below related chart for the first post on the Schematic.
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