US OIL - SHORT - WEDGE + TRIANGLE PATTERN
I am short bias with US OIL based on the following reason.
1, Bearish impulse resulted with a very long correction which formed a wedge pattern
2, Wedge pattern broke with an impulse and we now have a triangle pattern
Targets are based on Fibonacci retracement over the huge impulse we had between October to December.
1, Bearish impulse resulted with a very long correction which formed a wedge pattern
2, Wedge pattern broke with an impulse and we now have a triangle pattern
Targets are based on Fibonacci retracement over the huge impulse we had between October to December.
Comment:
TP 1 Hit
Trade closed: target reached
