Dear Colleagues, price has reached the minimum acceptable target of 61.8% Fibonacci extension at 82.94 and now I assume that wave C will be equal to wave A. This is quite a risky forecast, so I recommend to take risks and enter with a risk of no more than 1-5% of your deposit. My target is in the area of 100% Fibonacci extension at 85.00.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Looks like we are going to lower support level around 79.80
Rheo99
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I would think another high, but Oil for the last few days seem to be bearish. Could be consolidation. But friday's doji make it look like its undecided. One thing for bullish narative is that 80 held. Does it mean it's found a support aroudn 80 - 80.5? Or is this a trap