This could be interpreted as a bearish cypher or gartley (depending on the placement of point C) that invalidated the descending triangle we were previous in.
By no means am I going short oil given the geopolitical sh*tstorm that is brewing, however in the case of a pullback from point D, I believe the 0.382 and 0.618 targets (green) that fall inline with the open gap that needs filled are attractive areas to go long.
Will they get hit in the near future? I doubt it. However, it is just something to keep an eye on.
Best of luck!
By no means am I going short oil given the geopolitical sh*tstorm that is brewing, however in the case of a pullback from point D, I believe the 0.382 and 0.618 targets (green) that fall inline with the open gap that needs filled are attractive areas to go long.
Will they get hit in the near future? I doubt it. However, it is just something to keep an eye on.
Best of luck!
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.