A BAT pattern is possible in UKOIL (similar to what I mentioned for USOIL) if the price action moves below the neck line. If these conditions are met, we can open a buy trade at 88.6 fib level i.e, 42.63. The TP levels are 43.47, 43.73 and 43.99 according to fib analysis.
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Disclaimer: This is not a signal, this analysis is for educational purpose only. Please do your own technical analysis and get into the trade with your own risk when you find a valid entry.
If you do like this idea, please hit the like button to support me.
Disclaimer: This is not a signal, this analysis is for educational purpose only. Please do your own technical analysis and get into the trade with your own risk when you find a valid entry.