Bullish Prediction: November '21 ~ Feb '22 were below resistance level of 96 until it became bullish. I see a similar pattern happening back in March '09 ~ July '14 as it was also making dead cat bounce between 80-86. Bearish Prediction: Since Feb '15 USD calmed down once it hit the bear flag and we just touched the top of the bear flag line.
Next two targets if we break out from the bear flag.
Forming a big descending triangle. Below $5100 confirmed that we are in a bear market. Hoping for a little bounce before it goes parabolic.
Order book looks like it is hitting around 3.9~3.7 and I see a falling wedge that might go down to 3.5 and then Up or Down!
With all the news hype, oil is keep going up. But I believe head and shoulder can happen. On November 10 and 26, 2021 Stoch RSI beginning to align on 35.
Series of falling wedge. Bounces back up after touching bottom of GC. Target price: 80~
History shows once it hits the gaussian channel support line, moves upward. Needs to break through 40 and 50 line that has been pushing the trend down.