I'm expecting up move for the next couple days (by Elliott theory), more at the pic.
it's very similar to pattern flag + ABC. Potential down move expected.
As i said on my previous forecast (related ideas link) price break a triangle border and went up (green arrow) and than we had a corection (red arrow). So what now? Nobody nows "what now" and price doesn't know where he going. What to do? My suggest - wait for 7 o'clock news. my time zone is (UTC +3) and i mean "USD Baker Hughes US Rig Count" and maybe than w'll...
now it seems to triangle pattern... on my mind, not good time for any actions for traders. i'm waiting while price will cross triangle borders.
By Elliot theory we already had 3 up waves and 2 correction waves (magenta arrows) up moving. And now we are on the down moving (black arrows). And now are ready for last downside wave. Resistance level is blue rectangle. So probably i'll in on 103.00 TP1 - 102.400 TP2 - 101.750 TP3 - 100.570 If price will cross top green line, it will cancel this...