Wyckoff_Analytics

OIL ANALYSIS & SETUP - Phase C completion suggests quick rally

Long
NYMEX:CL1!   Light Crude Oil Futures
Phase C Completion suggest a quick rally above $57

SETUP:
Pattern Confirmation: Rally into short term overbought at above $59
Pattern Failure: Close above $53.50
Trading Minimum Target: $51 count line + (25 boxes* 1 reversal * 0.5 box size)=$63.50

Campaign Minimum Target: $51.50 count line + (48 boxes * 1 Reversal * 0.5 box size)= $75.50

Happy Trading!

Wyckoff Method Trading and Education
www.wyckoffanalytics.com/
Stocks, Commodities, Indexes,
Cryptocurrencies
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.