Oil to retest all time highs C leg of the ABCD patter is support
Previous resistances acting as support, which is around Wave 1 of this trend. In addition there was a sell pf from Wave C of the ABCD pattern, price action has retrace back to this level, its also acting as support.
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scalping oil today, bull flag set up by the AD showing $72 however lower time frames showing weakness, while the 1hr shows strength
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look for this bullish continuation to proceed to the higher time frames
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