Possible Accumulation in Oil

Two week target: Oil is looking like it may be accumulating as buyers appear to be holding the 46.5 level. A weekly candle close this week above 47.78 will confirm my target price of 49.53 to possibly be tested next week. Long a 2 hour candle close above the trend line; or a retrace back to it.

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I am a fan of Wyckoff: this link shows a model of accumulation. I would say that we are currently moving from Phase C to D hopefully seeing the D phase consolidation in the blue zone next week.
d.stockcharts.com/im...3650198402906768.png

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Trend line broke, woohoo! I am now looking at 47.13 support and will add long position on a drop to 47.22.

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My expectation is that this will still come to fruition if the lower channel line is www.tradingview.com/...ibution-Range-Ahead/

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www.tradingview.com/...ibution-Range-Ahead/

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s3.amazonaws.com/tra...shots/b/bQ9Q5v2g.png