Crude Oil – Possibilities
Crude Oil – Possibilities
The possibility of a 15- month H&S bottom on the weekly chart has given way to two very different Crude Oil Possibilities:
(1.) An “end-around” the 12-week symmetrical triangle, or
(2.) Substantially greater morphing of the chart. I favor the “morphing” option.
Under this option, prices could trade back into the mid-$30s. The weekly continuation chart shown is based on a roll-at-first notice date.
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