94% THAT OIL WILL RISE THIS WEEK
Oil formed a Flag High and Tight classic chart pattern on its weekly graph.
The Flag High and Tight pattern is waiting now for breakout.
According to Bulkowski the Flag High and Tight ability to meet price target is 90% of the time and it is ranked as number 1 in his Encyclopedia of Chart Pattern.
You can read about the pattern from his website --> HERE
Oil build 4 consecutive bearish weekly candle and according to the theory of runs there is 94% chance that it will be bullish this week.
Take a look to the chart below.