Where will oil go from the view of harmonic pattern?
Oil rallied from 26.05 to 51.64 for 119 days. Then it topped at June 8th and started the correction until now.
Where is the target for this correction?
A potential cypher and a bat pattern are forming. Target for this two harmonic pattern are extremely the same which forms a strong potential reversal zone at 40.2~40.8.
Pay attention to the decline channel and the red decline line.
Good luck for everyone!
A potential cypher and a bat pattern are forming. Target for this two harmonic pattern are extremely the same which forms a strong potential reversal zone at 40.2~40.8.
Pay attention to the decline channel and the red decline line.
Good luck for everyone!
Comment:
Oil comes to the PRZ. Watch carefully what it will move following!
Trade active:
Opened a long position at 41.15.
