First noted in this article, $OIL has a bullish wave count. In addition to that, it has produced multiple bullish structures.
- Bull flag (green)
- Inverse head and shoulders (red)
- And a probe above a multi-year channel is at hand (orange)
The inverse measured move is noted, though I expect it will ultimately go higher than that.
[UPDATE]: Filed un “Successful Calls”:
2 thoughts on “$OIL Multiple Bullish Structures”