USOIL Harmonic AB=CD Pattern Analysis and Strategy with Fibs

FX:USOIL   CFDs on Crude Oil (WTI)
Here is an updated chart on crude oil showing the completion of an AB=CD harmonic pattern on the 1 hr chart. Price action has found support at the completion of the pattern (the redzone) and is also trading at a crucial Fibonacci level (.618). These are all bullish technicals which signaled us to average down our position and reassess our targets at the green zones. TVC:USOIL

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