Long term view of WTI. Bukowski Patterns.
Break out would suggest a complete reversal.
Break out would suggest a complete reversal.
Comment:
Someone asked me separately about the timing. It's not specified, however Bukoski suggests that a buy be initiated once the daily candle closes above the top line of the parallel channel. I show a few possible scenarios but neither may happen just yet. WTI has come off, touched and retreated, that top purple channel line twice within the last week.
Comment:
We have one confirmed daily open/close above the break out line. Look for longer term reversal.
Comment:
Well we clearly have broken into the Run Phase. Long term bull run. Expect some pull backs, accumulate. Shorts ought to think very short term.