Wyckoff_Analytics
Long

OIL ANALYSIS & SETUP - Phase C completion suggests quick rally

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!
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