There is a valid enter for a pullbac, more agresive trader can enter earlier.
There was a break fo ascending triangle and the pullback to the brake
according to Bulkowski there is 66 % of meting the target when price goes out of the trianle.
It will be possible for price to fall because of the range.
After the fake price will rise at lest of 2/3 of the channel. Maybe.
One of the pattern set up, yoo can also imagine like a big pullback
Today is a play with candelsticks. after nice run and 5 candesticks in overbouth teritorium it is a time to go down a little bit.
Pullback which could be seen on dayly time frame as a shadow.
It is not much to say. Preice were fall below 20 EMA and now bounce is expected. There is also lower low and lower high expected.
this is a pattern trade. what antil price goes beyond upper resistance and enter the trade.
It is a possibility that oil drop a little bit, if goes up move the enter point higher.
When I try to analyse DXY I got opposite signal so it is very hard to predict any direction.