michele_laino
Short

WTI Oil - Bearish Harami Pattern

OANDA:WTICOUSD   West Texas Oil
In this moment, we have a nice bearish harami pattern on the daily chart , this means that the retracement might be end.
For confirmation, we must wait when candle is complete.
The High of the second candle of harami pierced 61.8% Fibo.
We have two signals for a bearish move and we could think that bulls run out of their force to push up the price.
My forecast is based only for technical analisys, maybe with some fundamentals price could run up.
If you have the same or different point of view or forecast, leave a comment below.
Thanks :)
Comment: The harami has worked very well.
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