There is a prerequisite here, must first break through the 73~77 range.
If the price cannot break through 71~73, it may change into another trend.
If the price cannot break through 71~73, it may change into another trend.
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Comment:
Comment:
If you have a long position in your hand, you need to be cautious.
The current trend is not very good, it should be tested downwards. There seems to be a little signal in the 1D chart.
The current trend is not very good, it should be tested downwards. There seems to be a little signal in the 1D chart.
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Next, we need to focus on 68, 67.5~67, if it is an upward trend, then the backtest should not be lower than 65,Otherwise, it may be a standard Wolfe wave pattern
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If it’s a Wolfe wave pattern, it’s not necessarily a bad thing for bulls, which means lower prices and greater profit margins.
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Notice! There is a problem with the current trend of crude oil. The bearish pattern when moving on the left side, the bearish AB=CD pattern and a Wolfe wave pattern indicate that crude oil prices need to be adjusted downwards. Extending from point D downward, combined with AB=CD, it may be a potential bullish shark pattern, but the prerequisite is that after the price adjustment is completed, the target range is about 55-50