Oil Forecast
D1 - Price reached a key resistance zone formed by the 161.8% (38.16) fibonacci expansion level of the first wave and the 61.8% (45.28) fibonacci expansion level of the second wave. Bearish divergence.
Expecting corrections to happen now.
H4 - Bearish trend pattern followed by a double wave correction.
Expecting the price to continue lower further.
Expecting corrections to happen now.
H4 - Bearish trend pattern followed by a double wave correction.
Expecting the price to continue lower further.
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