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Confirm CL -0.62% 4H starts wave 5, and now watch coming new high or the double tops. if new high comes and waiting for confirmation the take long position, the target is 67.38.
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Watch resistance 63.48, if failed, it will test the support of 63.00 again, it means 63.00 had been tested 3 times. if break, then 4H could be regarded as go into the downtrend of wave 4.
Being the end of the triangle, if the break happened, I may take the short position.
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CL 15 minutes in the downtrend corrective wave and comes to the end of the triangle, it have to choose the direction up or down. From my point my view, it may touch 63.00 one more to test the support.
Anyway, I believe it will happen during Euro or US time, not Asia time.
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Should take great attention on the breakout of 63.00, if happens, means the extension of wave 4/c, then the target shall be at 61.83, more aggressively, it may challenge the support 59.73.
Generally speaking, CL is still in daily up trend, but 4H was already in the down trend.
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it will be the best to touch the lower line at about 63 of pitch fork and then start up trend, then it will be much more comfortable to take the long position, as it maybe the end of wave 4 or wave 4a, TBC.
