Good afternoon everyone,
Watch for oil bullish formation developing. Wait for small flags after the break of $95 area. Potential for prices to test de psychological level of resistance at @$100. Then, I am revisiting the pattern though a strong breakout and retest should lead prices to test the upper bound of the corrective (blue) channel.
Wish you all the best trades,
PTFX
Disclaimer: This post does not provide any kind of financial advice. It is for educational purposes only and solely supported by my understanding of the technical figure based on wave theory.
Watch for oil bullish formation developing. Wait for small flags after the break of $95 area. Potential for prices to test de psychological level of resistance at @$100. Then, I am revisiting the pattern though a strong breakout and retest should lead prices to test the upper bound of the corrective (blue) channel.
Wish you all the best trades,
PTFX
Disclaimer: This post does not provide any kind of financial advice. It is for educational purposes only and solely supported by my understanding of the technical figure based on wave theory.
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