We have encountered two gigantic patterns. Oil will visit both $48 and 120 USD. The question is, which price will it reach first?
The expanding wedge allows for the completion of the large flag that takes us to $120
Bull patterns:
A mega Flag
A Flag
And a symmetrical triangle that completely changes the down trend for now
Bearish patterns:
expanding wedge
So, first we will see oil prices reach $120 USD, then the economy will start getting hit by stronger inflation cause by the high energy prices, which will lead us to a demand destruction and finally the prices will go down to $48 USD.
NOTE:If the 48 USD wedge occurs first, this will allow the oil price to be released of any pressure to stay in the 100 level.
The expanding wedge allows for the completion of the large flag that takes us to $120
Bull patterns:
A mega Flag
A Flag
And a symmetrical triangle that completely changes the down trend for now
Bearish patterns:
expanding wedge
So, first we will see oil prices reach $120 USD, then the economy will start getting hit by stronger inflation cause by the high energy prices, which will lead us to a demand destruction and finally the prices will go down to $48 USD.
NOTE:If the 48 USD wedge occurs first, this will allow the oil price to be released of any pressure to stay in the 100 level.
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免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。