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shs on ukoil

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SHS on ukoil

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gap has to be closed

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shot UKOIl

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break after triangle

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My expectation are for the price to retrace to minimum 38.2% 35.90-36.00 correction on resent highs. Weekly candle manage to close bellow 50% correction from the move from 05.10.15, which give me two ideas. A - More downs as AB=CD B - Set up for a bat pattern

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let see

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a move from here will guide future up - down....

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small bat

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UK bats

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DOWN TO T1 - T2

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possible BAT

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may be a bat?

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short to 30.50 - 30 then long to complete deep crab pattern to 35.00

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If he price rejects 61.8 level - expected move to 29.70+/- to complete bullish Cypher pattern

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if 50% retracement holds short term ...down to 30.00 - 29-70 long term long to 32.40

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0-5 pattern