Brent Oil showing a harmonic pattern? Watching out for long?
Fundamentaly and also technically Oil looks still bearish.
What we do can see is a possible bullish pattern with a small wingspan in comparison to the average dimension of latest swings. Currently I am flat on Oil but watching out for Bats completion a D and with this for a possible trend reversal on lower time frame.
Important: :-)
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Please remind yourself that this is just my personal view on the market and you always should do your own analysis before trading. My Analysis should not serve as any recommendation to buy or to sell. My analysis are just my ideas and opinion how market could develop.
What we do can see is a possible bullish pattern with a small wingspan in comparison to the average dimension of latest swings. Currently I am flat on Oil but watching out for Bats completion a D and with this for a possible trend reversal on lower time frame.
Important: :-)
If you like my analysis and find it useful, please take a second and hit the LIKE button and follow me. It takes some time to create these posts and your LIKES let me know it is helpful to you. As always, any comments are welcome. Agree or disagree.
Please remind yourself that this is just my personal view on the market and you always should do your own analysis before trading. My Analysis should not serve as any recommendation to buy or to sell. My analysis are just my ideas and opinion how market could develop.
