Analysis: Potential long on Oil between 53.50 and 54.25
-Approaching key support zone
-Price in uptrend and channel
-61.8% retracement of previous impulse leg
-127% extension of current corrective move
-100% AB = CD projection of current corrective move
-100% projection of previous corrective structure
Trade safe and at your own discretion!
-Approaching key support zone
-Price in uptrend and channel
-61.8% retracement of previous impulse leg
-127% extension of current corrective move
-100% AB = CD projection of current corrective move
-100% projection of previous corrective structure
Trade safe and at your own discretion!