I think oil is in front of two possible scenarios . First { i give 40%} is going up to retest the 125$ territory. The other scenario is to continue in the channel and retest previous prices 92$ or go lower! It is in front the switch . Wait for confirmation . This is what i think about oil and only an advice.
IN FOUR HOUR TIME FRAME THE PRICE WILL HIT THE HIGHER BORDER OF THE CHANNEL / FLAG DUE TO BULLISH MOMENTUM. THE PRICE ACTION THERE WILL GUIDE US.
First the price will hit the ascending trend line to 3.80 after I expect rejection at least to 3.05 or 0.382 fibo.
RETRACEMENT AT LEAST 0.382 FIBO?
Things that rise also fall. NASDAQ \ IXIC will eventually return to lower prices due to take profits. First target 12100$ This is what I think about IXIC not an advice
The channel in daily time frame worked. Time for oil market recovery.
We can see the monthly time frame and is bullish but the US remains important in the oil market and the coronavirus is a major issue. A move to the upper line is possible.
We see the 4 hour time frame in crude oil. We can watch the price in this level and sort it until the targets in fibos. The stop loss is in 52.55$ NOT FINANCIAL ADVICE.
After the break out it is uncertain for the most of traders to understand what is going on! Beware of reverse! THIS IS ONLY ADVICE.
I think that the market is in front a major correction. The small channel will be my guide and i will fallow the breakout. Only advice and what i believe!
This is what i think about XRP. ONLY what i see NOT advice!