WTI Crude ... Rectangle breakout + Gartley failure?
Updated
Sometimes, a harmonic pattern failure may be a more significant signal than a pattern confirmation... We may be witnessing such a case with WTI at the moment.
Price is currently threatening to breakout from a rectangle formation, coupled with a (potentially) failed gartley.
A clean breakout will be a signal to go long WTI.
Price is currently threatening to breakout from a rectangle formation, coupled with a (potentially) failed gartley.
A clean breakout will be a signal to go long WTI.
Comment
West Texas finally shows its hand, blowing right through the harmonic gartley resistance and rectangle boundary.
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