WTI Reminder: The 4-Hour timeframe showed earlier that a BIG move is coming with the Double Inside Day pattern. Could it be in the form of a long, bullish rally on the Hourly? We'll see.
USOIL long targets depending on your risk appetite: 70.90 - 71.60 -71.97 - 72.19 - 72.31 I am not giving a financial advice so if you don’t like what you see simply move on
WTI New Development: Looks like a taller, 2nd layer was just added to the S&R Zone on the Hourly chart. The bulls may use this as Support to keep from dropping.
If this bullish candle rises above the Pivot High (in red arrow at 70.795) of the previous candle to close above it, then the intent is to continue the rally. But, if the bulls can't breach the Pivot High, then back down it goes.
*Side Note: Can you see the W-shaped pattern forming that typically happens around a Swing Low?
USOIL The buy signal is profitable again. The accurate signal every day can quickly increase the account balance. Next, I will make the 40K account reach 200K. Idea:USOIL: An Upward Trend Is Immi…