Since we pivoted in march around 222 BP has showed a nice impulsive move from the low and we are still in the process to correct that. If that is a hard pivot and we gonna maintain that establishing a new trend or correcting the move of one larger degree. I've managed to find a point of confluence in terms of market geometry
and Fibonacci levels
in order to build a potential setup with a decent Risk Reward. So either we go for the Minuette 3 or Minuette C we still expect to see higher prices. And let's not forget the gap created from 395 ish.
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Disclaimer
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.