USOIL break up down trend line (white color)
We tested long term support line
Reversal pattern - double bottom
Also I see potential pattern inverted head and shoulders, and now we forming right shoulder.
If we break out MA200 in H4 chart we can reached 38.2% level fibonacci - 55$
But my long term vision of oil
www.tradingview.com/...0-per-barrel-Cycles/
Best regards EXCAVO
We tested long term support line
Reversal pattern - double bottom
Also I see potential pattern inverted head and shoulders, and now we forming right shoulder.
If we break out MA200 in H4 chart we can reached 38.2% level fibonacci - 55$
But my long term vision of oil
www.tradingview.com/...0-per-barrel-Cycles/
Best regards EXCAVO
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