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pezza82
Apr 18, 2020 8:10 AM

WTI, what happens next Long

West Texas OilOANDA

Description

We have bullish divergence forming on the 4hr, so might see a reversal. But price has fallen thru support, and if it stays below, my next target is 15.75.

Another thing I see is a bullish bat, and price is currently trading in the potential reversal zone. BC of 1.618 and alternate ABCD of 1.618.

I'm thinking more of a long setup, but if that doesn't go to plan, then continue selling.

Let me know your thoughts.
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