jangseohee

CL1!, can F be considered bull flag?

NYMEX:CL1!   轻质原油期货
10
i had a look at 2008-9 crude oil bottom, it took approximately 3 months of consolidation before
it recovers
NOW, price is embedded inside an inverted pyramid.
But i see a F flag! is it bullish or will the price developed into a bear flag like the purple rectangle?
So far, this consolidation lasted for about 1.5 months.
There is no clear signal for me yet although MACD & RSI are curving up.
Are you already bottom picking?

P.S. price is still under 50 ema for the moment

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