Oil couldn't see above $100 for a while
Cypher harmonic pattern:
AB=0.61 XA
BC=1.41 AB
1.27BC=$137
2BC=$468
shark harmonic pattern:
ab=0.61 xa
bc=1.6 ab
1.6bc=$171
2.24bc=$289
It seems oil is accumulating above $35 and under $140 to prepare for final target of the Cypher harmonic pattern at $468.
AB=0.61 XA
BC=1.41 AB
1.27BC=$137
2BC=$468
shark harmonic pattern:
ab=0.61 xa
bc=1.6 ab
1.6bc=$171
2.24bc=$289
It seems oil is accumulating above $35 and under $140 to prepare for final target of the Cypher harmonic pattern at $468.
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.