Updated Bullish Crude Oil
Updated version of my previous analysis (previous idea is linked below)
Crude provided us an excellent entry this friday when it bounced off pervious high, leaving us with both resistance area at 38 and structure. This is a perfect chance to get in at the bottom with a target up to 43.40, thus completing our 5-wave correction pattern aswell as a 3-legged move (AB=CD=EF) right into resistance
MACD is showing bullish divergence and RSI is pointing up, almost in overbought, but we can press it to 43.4
Crude provided us an excellent entry this friday when it bounced off pervious high, leaving us with both resistance area at 38 and structure. This is a perfect chance to get in at the bottom with a target up to 43.40, thus completing our 5-wave correction pattern aswell as a 3-legged move (AB=CD=EF) right into resistance
MACD is showing bullish divergence and RSI is pointing up, almost in overbought, but we can press it to 43.4
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