AltiFX

AltiFX

Brent oil needs some retracement to continue bull run.

AltiFX

I would suggest to wait for the price to reach either trendline to determine what to do. If price breaks above I see price filling the gap to 45$ a barrel in the long run. If it breaks out of Wolfe Wave pattern I see the price correcting the price to 29$ a barrel.

AltiFX

Yesterday started a bull run, breaking the head and shoulders pattern. Today we look for a continuation on this bull run, until the trend line shown on the graph. Wait for the price action at this level to take a trade. If it breaks the trendline our first price target is 38$, with a second more risky price target at 39.5$( which is the highest price since the gap...

AltiFX

Wait for confirmation to take this trade, which is when price breaks the trend line shown.