WTI Possible Bullish Gartley on the 4HR and Daily Charts

12 Tem 2017

It seems WTI Crude Oil could be forming a Bullish Gartley Harmonic Pattern on the 4 Hourly and daily charts as price action has just pinned the Water (50 EMA) where it seems it has completed a pullback Fibonacci. It is possible to expect a continuation of more upward moves towards the Bullish Gartley Harmonic Confirmation Area where a SHORT can be taken to both Harmonic Targets #1 and #2.
Although TDI shows the position still close to the middle of the bands and an overall central position, widening of the bands has occurred and seems to indicate the probability of more upwards movement towards the Harmonic confirmation area.

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