CL1! has completed the stretch price objective for a channel breakdown at 1.382x. This price objective also ties in with an ABCD completion from the Apr peak.
You can see CL1! has formed a double bottom on high volumes and price action has broken a new SSR level on the upside.
Normally on a breakdown or break-up, we would expect to see a retest of the previous support/resistance. In this case, a potential retest would be the $61.20 level which coincides with the 61.8% retracement level.
You can see CL1! has formed a double bottom on high volumes and price action has broken a new SSR level on the upside.
Normally on a breakdown or break-up, we would expect to see a retest of the previous support/resistance. In this case, a potential retest would be the $61.20 level which coincides with the 61.8% retracement level.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.