pipmountain
Long

Multi Time Frame Fibonacci Convergence on WTI 4H

FX:USOIL   CFDs on Crude Oil (WTI)
Hey Traders,

Do you see a bounce here at the former 78.6% acting support?

There is Fib convergence in this area at three layers across both the 4H and the Daily time frame.

Watching out for any consolidation or slow down at or around the 47.80 zone.

This may open the door for a move much higher to achieve a potential bullish Equal Measured Move.

Until next time. Happy Days Happy Trading!!!

MountainGuide.

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