zhipengcfel

Time cycle of US oil (Go long after August 7th)

NYMEX:CL1!   Light Crude Oil Futures
Time cycles:
Oil is forming three half-moon pattern from small to large. The first one takes 16 days. The second one takes 48 days. The third one will be very likely taking 96 days which means it will complete until August 7th.

Price
Oil still has space to go lower if 46.6 breaks. Be patient to go long until the bearish cycle finished (after August 7th).

Comments

And how long will the fourth half-moon pattern take?
Reply
zhipengcfel Futuraman
I just care when will the current pattern finish. The following might not the same pattern.
+1 Reply
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