Today, we will share what we are waiting to develop bullish setups on Crude Oil
Let's understand the idea:
a) Currently, the price has reached a major resistance zone. What happened before? We can see that we had a corrective pattern and then a continuation of the bullish movement towards 75 - 76
b) The corrective pattern we are waiting for has a duration of 4 weeks approximately.
c) The corrective pattern will be the first filter that allows us to start developing the setup on a lower timeframe, such as 4HS.
d) The resolution can take between 2 to 4 months if everything goes as expected.
We will make updates if the situation goes as planned. Thanks for reading!
Let's understand the idea:
a) Currently, the price has reached a major resistance zone. What happened before? We can see that we had a corrective pattern and then a continuation of the bullish movement towards 75 - 76
b) The corrective pattern we are waiting for has a duration of 4 weeks approximately.
c) The corrective pattern will be the first filter that allows us to start developing the setup on a lower timeframe, such as 4HS.
d) The resolution can take between 2 to 4 months if everything goes as expected.
We will make updates if the situation goes as planned. Thanks for reading!