Look like a 3 drive pattern. Possibly we'll see 3rd bearish swing.
47.85 is resistance. 48.10-48.30 is fibo retracement level.
47.85 is resistance. 48.10-48.30 is fibo retracement level.
Note
Could not reach %50 retracement and News data for OIL was good but fall anyway.Showing us fundamental weakness.
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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.