We exactly dipped down to the 61,8 fibo of the last upswing 38-49, which is based @ ~ 43$. Yesterday, we kised this level again and it was bought directly..
If we would trade some more days above 43$, i see the chance of a double bottom. As long as oil is trading below 43.7 $, the next round within the wedge could be initiated ( below 42.7 is high risk --> TP 41.9$).
46.54 $ is still the level to watch (see my former views) (MoB)
How do you trade this?
Best Regards Mary
If we would trade some more days above 43$, i see the chance of a double bottom. As long as oil is trading below 43.7 $, the next round within the wedge could be initiated ( below 42.7 is high risk --> TP 41.9$).
46.54 $ is still the level to watch (see my former views) (MoB)
How do you trade this?
Best Regards Mary
Note
classical false breakout (bull trap) - it seems as oil will test the "bottom" @ 43$ again - this is the Level to watch! Note
kissing again the 61,8? Note
Note
Note
Note
todays high @ 46.85$ has to be overcomed for further upwaves with next tp 46,4$ - Attention! I see a shortterm bearish wedge! Trade closed: target reached
Yes BABY!!! 
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.