Bullish Pennant on CRUDE (60)

19 Eyl 2021

A bullish pennant forming on the 60 minute Crude chart with two major areas of interest. If we see a price close above the 76.65 level on lower timeframes, I believe it is very likely that we will see the price travel to an important level of structure located at 77.03. If the price respects the upper trendline of the pattern and move lower, this will give traders a more advantageous RR ratio (if placing stops below the support at 74.95)