WTI neckline is testing - measured move is $52 within 2 weeks
As mentioned in previous iterations, driving season is in. Despite breaking our initial path to $49, and thus, breaking our bearish zig-zag pattern, there is now reason to be bullish as an inverse head and shoulders has formed.
Nice job bulls for breaking out of that red-channel after only a couple of days. Bulls need to stay in the green channel ideally, but have a redemption pink support if things decide to back-test once more.
Bears need to get below the redemption pink to short confidently.
Nice job bulls for breaking out of that red-channel after only a couple of days. Bulls need to stay in the green channel ideally, but have a redemption pink support if things decide to back-test once more.
Bears need to get below the redemption pink to short confidently.
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