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johnmad
Apr 30, 2020 4:33 AM

WTIUSD 60 min 2020-04-30 Long

West Texas OilOANDA

Description

Here are a few small things to look out for .
As of now it looks like we have reached the bottom if we do by any chance close below the current low then my bottom Target is 7,69
I have indicated a small triangle at the bottom as we could have 2 situations here we can either retrace once more and complete the abcde
but if we close above the top triangle line then watch for a possible channel where price can come down again to give us hidden bullish divergence
either way my 2 targets for the near future is locked in at .
This can spike up just as fast as the latest retracement , all it needs is some positive news event .
Target 1 =20.18
Target 2 =28.25

Comment

Target 1 Hit Dead On .
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