W pattern on W1 formation confluence with 38.2 fib retracement
Oil has been on a bullish run sin April 27, a healthy pullback maybe just around the corner.
But from a pattern perspective (which I trade), a W formation on W1 time frame is spotted.
The 38.2% fib retracement is at the same area where the neckline of the W formation.
But from a pattern perspective (which I trade), a W formation on W1 time frame is spotted.
The 38.2% fib retracement is at the same area where the neckline of the W formation.
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