Is it time for Oil to reverse?

Newbie here, first post.

Expecting bounce now that Fib 61.8 has hit a double stop. Expect retrace back to the Fib 23.6 line in the $60 low volume area.

Commentaire:

Broke the 61.8 Fib line. Looks like it is consolidating. I still expect it to stay in the channel and move back to either the 38.2 or 23.6 Fib line. Both are low volume areas.