Bearish Completion of Bullish Bat & Bullish AB-CD Patterns
Updated
I am short until the point of both harmonic patterns indicate .
Strong resistance at 54.15 , down from here 52.00 is nice support .
In order to complete both bullish patterns, it must be down till 47.00
After that support it will start Bullish Rally
Strong resistance at 54.15 , down from here 52.00 is nice support .
In order to complete both bullish patterns, it must be down till 47.00
After that support it will start Bullish Rally
Note
Crude oil price will change action back to bullish at 46.25 . It would reverse back up above 55.15 .After recovery, Crude oil price seems more possibly to stay above 55 for a few months.
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