meszaros

WTICOUSD continues to rise.

Long
OANDA:WTICOUSD   West Texas Oil
WTICOUSD continues to rise. Volatility is increasing. My analysis assumes the formation of a fractal pair. The figure shows that the increase in WTI is often done through fractal pairs. This is also shown by the two yellow squares in the figure. The size and shape of the wave sequences found in it are also extremely similar. I assume a similar movement right now. I marked the ATR axes in the figure. I expect the fractal currently under construction to be bounded along these axes. Copies the wave sequence in the previous gray box in its shape. If this forecast is correct, we will see a further increase in the next few days with increasing volatility. Target price: 71,746 usd

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