$WTI behaved exactly as prescribed by candles – it went down today. However, the real battle will be tomorrow. As today’s candle was not strong enough, there is a good chance of a bounce tomorrow, the day of the weekly candle print.
If the weekly candle closes below $80.62, the lower prices will be almost guaranteed for the next week. If above – it would depend on the candle structure. Tune up for the weekly analysis on the weekend.
So far, the Double Top minimum target stands at ~$76.
The alert was posted yesterday.