$CL Set to Rally

$CL has formed a well-developed bullish wedge with ongoing bullish divergence. Even if the correction it is in is incomplete, there is a high probability that at least this phase of it is complete and we may now expect a rally to the upper orange box in at least 3 waves.

CL


[UPDATE]: We got the rally I was expecting, but from lower lows and so we didn’t get to the target above. But, since it wasn’t much lower lows and since we did get a rally, it’s hard to count that against me to. Since we’re basically at the same price we were when I first posted the idea, I will file this under “Cancelled Calls.”

CL


Note: When articles are first posted, most of them are made available only to my Patreon supporters (I do try to publish some public posts on occasion). Over time (usually after a period of a few weeks or so), I make all of the work public. To gain access to my work when it is produced, please consider becoming a patron. More information may be found on my About page and on my Patreon page. In a nutshell, patrons of any denomination (you get to pick the amount) will be able to read my weekend analyses, Tier 1 members ($20/mo.) get access to all of the articles I write, and Tier 2 members ($35/mo.) get access to those, plus counts on other instruments and my Discord chatroom.


Leave a Reply

Your email address will not be published. Required fields are marked *