Oil Fractal

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Waiting for this bear flag to complete, we should not get above the flag because than the fractal might be invalid!
Could be a great RR when waiting for a good entry. I would start out small and increase on the way down after confirmation.

The fractal shows an almost identical move.

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ملاحظة

Oil is moving perfectly as the fractal shown here. The target zone is the blue circle

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ملاحظة

Target zone has been reached already, wise to take some profit already (if not already done yet). This bounce could become a reversal already. So move stops down as well to at least around 74ish to guarantee some profit.

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ملاحظة

Oil tested the 75ish again last week and got dragged down with the whole market later on. So far it's around a important support level at 71/70. If that breaks we could go to the 65/67 range. On the left it looks like an ugly bear flag that is about to break.