Interesting that that a 3 drives pattern formed inside the 3 triangles. I'll have to remember & look for this next time. I have the Daily resistances of $50.93 and the .618 fib at $50.34 if moving avg continue to move up there is a possibility of oil hitting $53-$52.00 Monday-Tues opening, the market is trading as if its pricing in Opec Cut. I only have 1/4 position regardless and will continue to study these triangles. The 4hr chart also showed a cross of 18/200 which i've been monitoring and studying on multiple time frames for continuation purposes.
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If momentum continues on to the daily, $52.50 is a possibility . I'm curious to see if $52.50 - $53.00 offers a short or oil goes full bull flag on watch for next week
