WTI: BULLISH FORECAST AND TRADING PLAN

8 May 2019

WTI is still in a clear bullish trend,
after establishing new higher high around 67 level we see a steady market correction.

on a daily chart we see that the market has finally reached a significant demand zone
based on the horizontal structure support on the left + vertical support of a rising channel.

on 4H chart we see a classic bullish flag pattern and formation of a head and shoulders pattern.

OUR PLAN IS:
Wait and buy bullish breakout of a neckline,
after a bullish breakout the price will most likely retest the higher high!

Good luck!