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Ilikethehell
Aug 29, 2019 5:59 PM

Crude oil 4h, There are scenarios.  

WTI CRUDE OILTVC

Description

scenarios.
1. we got an H&S and it's brokeout too
2. a pennant that looks like it broke out too.
3. there's a double top
4. there's a 50% fib level retracement
5. overall retail market views is bearish.

price 51.73 and 60.70 is an either side negotiable deal.

conclusion: views is bearish technical is bullish. waiting for a strong breakout to either side so that we can make nice decision.

Comment

bearish views got right so we're bearish now and price target is 51.
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