$CL_F Fib Retracements
Today had some big impulsive moves up in #oilfutures...only to come crashing down twice. And they were big retracements to the 76.4% Fibonocci. Today stalled again at 61.70...if the 76 Fib retracement pattern holds we should see a dip down to $61.20. It is strange to see this pattern off of a 3 wave correction so as always...we let price action dictate our opinions.
Disclaimer
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.