Crude oil broke below long term support (white) and we see the healthy pullback in the making.
This move shaped the favorite Bear Flag pattern with a Low Risk / High Return potential.
Wait to sell on the breakdown.
Target area is set within the orange box per Fibbo levels.
I guess it's 5 of (1) in terms of EW.
Take care!
This move shaped the favorite Bear Flag pattern with a Low Risk / High Return potential.
Wait to sell on the breakdown.
Target area is set within the orange box per Fibbo levels.
I guess it's 5 of (1) in terms of EW.
Take care!
Commento:
1st target reached
