Fudge55

WTI - more upside is likely before a bigger correction

Long
NYMEX:CL1!   Light Crude Oil Futures
On the weekly continuation chart a WXY correction ended last week and we got a bullish engulfing candle. There are three wave moves to the downside and upside which means it is now struggling to create a clear five wave moves, but it is still pushed upwards. This can form an ending diagonal pattern, but is not finished yet, at least one abc to the upside is needed.
Comment: Target zone and price tp1 reached :)