Structure indicates we have possible two pattern in play - bat or cypher.
My current view is that we will have another move down before huge bull market in commodities.
If price manage to breaks current point C bat pattern wil be invalidated and price should spill to A point level and than if breaks to 715 level. Watch price action on those critical levels for any clues.
My current view is that we will have another move down before huge bull market in commodities.
If price manage to breaks current point C bat pattern wil be invalidated and price should spill to A point level and than if breaks to 715 level. Watch price action on those critical levels for any clues.
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Structure indicates we will have an upmove first to complete bearish bat pattern.
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Possible big drop.
Watch 3 levels for reversal.
Watch 3 levels for reversal.