Crude Oil - Late stage of Wave 3 development.

Using the guideline of fibonacci multiple within impulse for wave 5 projection, we can see price already reach the minimum target at 0.382 times the net distance traveled of waves 1 through 3. If the price continue to move higher, our next possible target is at 93.00 area (0.618 fibo level). Keep in mind that we are in a late stage of wave 3 development and we are expecting a retracement/pullback to 87.00-86.00 area for correction of wave 4 -- Pengiran.

Trade fechado: objetivo atingido