Brent crude is formed a double bottom pattern with a strong pinbar pattern and a bullish reversal pattern.
Brent has previously made a fresh higher high and failed to form a new lower low, signaling a possible trend reversal to the upside. Also, notice the (slight) bullish divergence in the RSI.
Could we see a retest of the recent high near the $70 mark?
Brent has previously made a fresh higher high and failed to form a new lower low, signaling a possible trend reversal to the upside. Also, notice the (slight) bullish divergence in the RSI.
Could we see a retest of the recent high near the $70 mark?
