My analysis introduces a fractal sequence rule. These patterns are typical of ascending fractals. It is based on the doubling of related ascending fractal pairs. The decreasing correction fractal pairs are halved. Based on this regularity, it can be assumed that the WTICOUSD exchange rate may be ahead of your longer-term high. The target price is around $ 60.
Note
UPDATE : Spike area (red square). This must be observed when placing a stop order upon entry. I do not usually report in the analyzes. Therefore, I now update my analysis.
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Disclaimer
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.