Check the Post below with the chart showing the details.
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Observe the support structure and potentials moves.
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Premium Post: Bearish Cypher
Oil has a bearish cypher w slight violation of c leg window, i labeled it. i posted it because they have been working and well when they form at solid structures, this one has a 1 hr double inside bar , they might break it high into supply and then sell it off, also added in abcd pattern that was an easy long w a small stop at trigger, i did see it but it did not take trade, see yellow dotted arrows for that intra day long, lets see
Also 3 downside targets are=
382%
618%
1
If oil loses 58 it will drop hard and fast 3-4$ volume profile is thin to 54$, and they can tank oil b4 summer and then rip it, it can happen. [/s2If]
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