On 4 hour chart i beleive this are triangles,
they are usualy found on end of correction or part of correction,
in theory (i am beginner and learning)
Other than that I beleive that short term chanel is pierced and it will go up...
Please comment
Note
I forgot to mention, I believe, and hope that Oil will go lower (long term)
but at this moment I will be going Long for Monday if there is no big weekend gap...
Expecting rise Monday and Tuesday
Note
Figured out that i am an idiot...Analyzed wrong symbol this is WTI not CL1! :(
Fortunately all is the same with CL1! (more or less...)
Fortunately they will go together so there is no real problem...
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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.