Looking at WTI on Monday to see if we get that double rejection of the EMA.
If it prints a few positive candles over the EMA, I would expect the balance of probability to take us to the 50% fib at 70.78 at a minimum.
IDEA - looking like a move to 215 on the cards next week.
We see a nice rejection of the EMA34 at around 204.75. If it rejects the EMA again at around 207, probability says were likely to go to 215/217.5
It's hit a resistance at 209, but trade through that next week the target is clearly 215 and probably 217.5 as a target 2.
Good percentage play for a bounce off the EMA34 and the meet of the upper trend line and a horizontal resistance line.
Target 1 is the 50% fib 66.50, target 2 the 61.8% fib 65.58
Stop just a above the last pull back