WTI shall we have a cup of tea ? [Short Term Analysis]
Updated
WTI has been in range since May 8th. During this range period we notice the formation of a "cup and handle" pattern. If this pattern is confirmed we have a high probability that the price will go to the area of 28. which is equivalent to a top projection of the cup dept.
Trade active
We stick to our scenario … !! By the way is that a deep crab showing it self ? If this is confirmed next objective point D
Trade active
the market is always right and it validated our scenario once again.Price stopped exactly at point D
Trade closed: target reached
Both Targets [Point D and Target range] reached.It was a fantastic trade.
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