OIL is up over $17 over the last week and has come into a critical area between 114.26 - 115.42.
This is the area where we have the ABCD completing and also the 61.8% Fib level from the March high.
We have a critical turn point coming up which gives us A-B=C-D in time. I will post the AI in the update area with expected trend for the day and we could get a minimal move back down to 105-107 area but possibly more with a bigger correction.
Above 116 and it could get to the 1.618% expansion of the last correction near 120.
I hope this helps. Enjoy the day.👍👍
This is the area where we have the ABCD completing and also the 61.8% Fib level from the March high.
We have a critical turn point coming up which gives us A-B=C-D in time. I will post the AI in the update area with expected trend for the day and we could get a minimal move back down to 105-107 area but possibly more with a bigger correction.
Above 116 and it could get to the 1.618% expansion of the last correction near 120.
I hope this helps. Enjoy the day.👍👍
t.me/OCEANAISIGNALS
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Check out the free Telegram group for Trade set ups and Market Updates. Also one on one coaching now available. Message me for more info and a free 30min consult to see if my strategies work for you.
Looking for the 15:15 time zone for a CIT. I fits up into the time then we could sell off for the day or if it is down into the time then it could march higher.