WTI Oil fractal play

19 Şub 2019

Fractals or not really a thing in this market, but i just had to show this one because it looks so similar. I remember back in Sep/Oct that the last big wave up was just to bully out the bears before it would drop. This last move of the past week gives a similar feeling to me. So i took a closer look and i remembered the movement of 2018 and seeing these similarities. A good confirmation would be a decent push down tomorrow towards the 55.0 at least, then a correction up below a resistance level . If we see something like that happen, i will probably short it.



Previous analysis:

19 Şub 2019

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