Oil long on breakout
looking to buy the breakout of the yellow area for a 5th wave up
we have previous support at this level and a nice abc correction after the 3rd impulse wave.
i also like this area because on an 8hr chart there is a doji candle followed by an explosive movement away from price
good risk to reward just to the downtrend trend line, but expecting a higher high
we have previous support at this level and a nice abc correction after the 3rd impulse wave.
i also like this area because on an 8hr chart there is a doji candle followed by an explosive movement away from price
good risk to reward just to the downtrend trend line, but expecting a higher high
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