$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.
[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.”
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