Something Big Brewing For Oil Markets
As we can see displayed clearly from the Monthly TF and down we have an obvious pennant pattern. This has been forming over the course of the last 3 Years since August of 01. This could be a very early indicator for something massive externally. We need to tread with caution and be prepared to load positions when the time comes. This 3 year cycle will act as an accumulation phase which we have had the US Filling there reserves along with many other countries over the past years.
Once this thing picks its side we will see a beautiful waterfall type of scenario. With the short side filling 5-10$ ranges like nothing could be very similar to the upside but sells often times happen much much faster than buys.
Feel free to contribute your thoughts below! :)
As always happy trading safe trading.
Work Until It Feels Effortless.
TKT-Adam J.
Once this thing picks its side we will see a beautiful waterfall type of scenario. With the short side filling 5-10$ ranges like nothing could be very similar to the upside but sells often times happen much much faster than buys.
Feel free to contribute your thoughts below! :)
As always happy trading safe trading.
Work Until It Feels Effortless.
TKT-Adam J.
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