Comment: Retest of the downtrendline = next action point -a desicion has to be made at that level
Comment: Always have a look at the higher TF https://www.tradingview.com/chart/CL1%2521/684zvCkk-Update-Main-View/
Comment: Triangle? Flag?
Comment: Oil completely retraced down to the max Level
Comment: seems bullish, when oil is trading above 47.4..below 47.26 oil is bearish shortterm
Comment: No upmomentum at present..thats ugly..at the moment oil is going through the pivot supportlevel - further downwave should be exspected - could aiming 45,75
Comment: The risk for a further downwave increases - Traing below 46,5 is fatal in this TF