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Bullish Megaphone structure-will it reach 60% of pivot line

CFDs on Crude Oil (WTI) (FX:USOIL)  
velmunis  
FX:USOIL   CFDs on Crude Oil (WTI)
Trend Analysis Chart Patterns Technical Indicators Oil megaphone megaphonepattern megaphonetop oiltrading oilprice oilforecast oilsignals oillong
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trendanalysis chartpattern indicator oil megaphone megaphonepattern megaphonetop oiltrading oilprice oilforecast oilsignals oillong
The price of the oil got rejected 3 times and in 4th time got some consolidation and broke the upper side resistance around 66.00. We can see a megaphone structure (Bullish megaphone structure).The retest of the upper side trend line will be a good entry point. Expected target would be 70.00stope lose can be placed below 65.00 level

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