Oil has finished its second symmetrical uptrend (blue trend line) along with its 3rd symmetrical smaller trend (pink trend line) Expect it to retrace back to its .382 fib line as it did on the first leg up.
Note that this trend has had some retracements already unlike its first leg up. Look to break the .238 first before committing to the .382. Target Price is 46.56
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Note that this trend has had some retracements already unlike its first leg up. Look to break the .238 first before committing to the .382. Target Price is 46.56
Please Like and Share. Follow me for more symmetrical patterned charts in the future!
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