Brent oil - Cypher pattern with Leg D in progress
I have plotted a Cypher pattern from post-Doha Debacle low. Leg D appears to have been set in motion, but I would love to see prices break below $48.34 (50% of May 2015 high - Jan 2015 low) as that would add credence to the possible drop to Leg D of Cypher seen at $42.75
Bullish move would gather pace again only if prices see a day end closing above $50.83.
Bullish move would gather pace again only if prices see a day end closing above $50.83.
