$OIL Multiple Bullish Structures

First noted in this article, $OIL has a bullish wave count. In addition to that, it has produced multiple bullish structures.

  1. Bull flag (green)
  2. Inverse head and shoulders (red)
  3. And a probe above a multi-year channel is at hand (orange)

The inverse measured move is noted, though I expect it will ultimately go higher than that.

OIL


[UPDATE]: Filed un “Successful Calls”:

OIL


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