D1 - Price reached a key resistance zone formed by the 161.8% (38.16) fibonacci expansion level of the first wave and the 61.8% (45.28) fibonacci expansion level of the second wave. Bearish divergence.
Expecting corrections to happen now.
H4 - Bearish trend pattern followed by a double wave correction.
Thank you very much for the analysis! Do you think that the price of the oil will drop now or at first it will go up to 43-44?
VladimirRibakov
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@A_Bula, you are welcome. My view was bearish, but it didn't manage to break below the trend line I wanted to see, and no we have new highs. So I am currently neutral.
Thank you very much for the analysis! Do you think that the price of the oil will drop now or at first it will go up to 43-44?