I Barely trade Oil , but i saw this opportunity and want to share to you.
Please us your own strategy for this analysis.
Good Luck and Trade Wisely
for me i will be looking for around fib level such as 0.618. in this level they used to make some retracement. so if i will see again this chart after reaching 0.618. and i will moved my stop loss whenever i see fit.
But please use the most convenient strategy of yours. if your strategy is the same for, it would be great