Bull case #2
4-hour chart /cl continuous
#1 - We have a break above, and close above prior swing high on this timeframe
#2 - We have a bounce off the realllllly long-term trendline off the 1998 low
#3 - The 5-9am est candle reversed at a key fibonacci projection level, following a qualified retracement from $50 of 38.2%
Expect /cl to retrace lower from this Bull cypher pattern, back into the $46.00-45.75 support area (78.6% retracement of entire up impulse off 44.20 low)
/cl SHOULD bounce from there, and then we'll make an attempt on daily chart prior swings
No comments yet.