WTI coming into Support Zones: Crude Oil pullback about done?

Quick post to see how WTI reacts around expected supports.
These zones are defined by various Fibonacci sequences.
The Blue fib series is that of the current pullback wave.

Disclaimer:
I know nothing of the Oil market (other than crisis effects).
I do not trade this asset at all (I just like to plot most assets).
For example my OIl Plot as of May 2018 calling for $80 barrels (click).

But IF the fundamentals allow a temporary "bottom" the green zones might be it.
At the very least I expect a reaction at each of those zones, even if broken later.
IF these zones react as expected, then the complete blue Fib will be validated.

Comentário:

1st Support Hit

Here we are, right at the first Support zone

dancing on the top boundary.

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Comentário:

Support still holding.

Got a wee bit of a bounce too, but nothing impressive

it may well fall to the next support, but this reaction is a great sign.

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Comentário:

Absolutely Beautiful

I think we have found the bottom

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Zoom IN (15 min)

What a PING that was.
One could almost HEAR it resonate off the chart.

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If that is NOT the bottom, I dont know how else to spot one.

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