Another butterfly
Updated
Last oil butterfly took some time to unfold, but the pattern validated and it was a nice trading camapaign. This time, we didn't test the whole PRZ, but price action seems to confirm the trend.
If the first reaction after OPEC and non-OPEC meetings is to go down, I think this will take some time to balance.
Targets indicated on the chart.
Thanks for your comments.
If the first reaction after OPEC and non-OPEC meetings is to go down, I think this will take some time to balance.
Targets indicated on the chart.
Thanks for your comments.
Trade active
First target
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