market come back to the supply we see price action can't break this supply until now so my vision is the price can't sweep the last lower low we may look for buy targeting buyside liquidity
Moving exactly as forecasted in the previous update(see attached post)
Looking for further downside into wave 3.
As always feel free to let me know in the comments what you're thoughts for Oil are!
Trade Safe!
The consolidation period of close to 12 weeks is likely coming to an end with a breakout up!
A close above 102.90 (triangle consolidation resistance level) allowed the price action to proceed with up-trend targeting:
*108.30-108.50
*114.80-115
*124
*132
Width of triangle is usually the target of the breakout in terms of size of movement
This could make...
1) The breakout above the down trend-line starting from the highest high , when the price went above 101, marked the beginning of the movement we've seen so far (+$8).
2) There's 2 technical scenario playouts:
*Break above 108.20 with a 4h/1d close - 113.40 to 114.64 may be reached in the very short-term
*Break below 104.50 with a 4h/1d close - 97.90 to 93.20...
