Crude Oil

Saturday, 15 October 2022
23:44 PM (WIB)


The bears and the gang look failed to land on 61.8%FR and stop back at 50%FR. Although this point is still in Golden Ratio, it’s not strong enough compare with the Bull run. I also see and find a way for bullish movement to break out the resistance and control the $95 area. The Morning Star Formation on Weekly Session also indicates the price will move up.
The 50% Fibonacci Retracement indicates the Bearish shift will require a 50% of Impulsive move. So, if the price flies high to $109, the Retracement Ratio might fall to $93.50

Golden Ratio:
10% + 10% + 20% Or,
10% + 20% + 30%.