REASON for LONG or Not ready for SHORT : 1.200 - EMA bullish cross 2.(0.618) retracement of EW of the larger degree 3.Next resistance/sellers volume is around 1.62 zone 4.PA needs momentum to break that support zone Note: Valid until PA remains above 200-EMA.
WTI price action rejected on Deep crab PRZ. . . Should revisit PRZ ZONE and test that area for a more confirm rejection.
PA HIT RESISTANCE LEVEL AT 70 AND GETTING REJECTED. ALSO PRZ OF ALT-BAT EXPECTING 65-66 LEVELS THIS WEEK AND FURTHER DOWN TO 62.
Possible wolfe formation. Preferably wait for RSI to be OB zone and formation to complete.
Activated potential cypher with C point completion and showing reversal signs, Note: Point C also coincides with the 200EMA ON Daily chart.
Point C completed and advancing towards point D.