WTICOUSD is expected to rise further.

٩ ديسمبر ٢٠٢١

WTICOUSD is expected to rise further. The analysis shows that WTI is moving in a wider channel. This channel, which I have marked with a purple line, is a slightly upward band. The upper axis of the band is a D1ATR axis. Nevertheless, the next rising wave section may cross it. The figure shows a green and a yellow square. These are correction fractals. It can be seen that both their size and shape are identical. This means that we can expect a rising wave sequence of similar size after the completion of the corrective movement. With the following target price : 90.191 usd