Morning Star / Sideways Wedge pattern / Bearish Butterfly
USOil forms a wedge pattern with initial Bullish moves in the form of a Morning Star (Boxed in White) hints for further Upside bias.
Expecting to reach 58 level for a Bearish Butterfly completion before further bearish moves.
Note: Correlation of USOil with USD Index is directly inverse to a high degree.
Expecting to reach 58 level for a Bearish Butterfly completion before further bearish moves.
Note: Correlation of USOil with USD Index is directly inverse to a high degree.
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