As we noted several times in September, bulls have a gorgeous long setup in crude oil:
Bulls are ready to break out of that tight bullish looking wedge.
That setup allows bulls to start an explosive rally in subwave (C) of wave ( 3 ) up targeting 145/ barrel.
$ES #ES-mini futures #trading setup The macro picture has not changed. ES-mini keeps working on a corrective bounce: As you can see, any push higher would enter a risk zone, the Red Target box. That
$ES #ES-mini futures #trading setup On Mar 13th I shared expectations for a strong short covering rally: I pointed to similarity to a strong short covering rally we got in Sep’22. That rally is highlighted
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