Oil short opportunity.

21 sept. 2018

This is a follow up on my previous analysis on Oil. This is it on a lower time frame and my view has not changed at all. Looks like it is still has some upside to go, but according to my analysis, that will be short-lived. We have a bearish cypher pattern and bearish gartley pattern both completing at $73. If you remember from my previous analysis on the higher time frame, we have a possible Head and Shoulders, my view now is that the right shoulder is most likely going to complete at that 78.6. Either way, I am bearish on Oil.