CRUDE OIL(WTI) NEXT MOVE......
1. MTR Setup to the left, worked out.
2. Price currently under major outer TL
3. Price is however caught up in a trading range = Flat-bottomed descending triangle= bars forming lower highs
4. Measure Move(MM) target takes price to 53ish upon Southern BO. This level Coincides with a prior Resistance
5. Should price bounce from this green line, we are likely to have a MM move target that takes price into the 73ish
6. Should the green floor break convincingly, price heads back down into the 43ish.
THIS IS PURELY TECHNICAL!
until Then........
2. Price currently under major outer TL
3. Price is however caught up in a trading range = Flat-bottomed descending triangle= bars forming lower highs
4. Measure Move(MM) target takes price to 53ish upon Southern BO. This level Coincides with a prior Resistance
5. Should price bounce from this green line, we are likely to have a MM move target that takes price into the 73ish
6. Should the green floor break convincingly, price heads back down into the 43ish.
THIS IS PURELY TECHNICAL!
until Then........
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.