WTI is still in a clear bullish trend, after establishing new higher high around 67 level we see a steady market correction.
on a daily chart we see that the market has finally reached a significant demand zone based on the horizontal structure support on the left + vertical support of a rising channel.
on 4H chart we see a classic bullish flag pattern and formation of a head and shoulders pattern.
OUR PLAN IS: Wait and buy bullish breakout of a neckline, after a bullish breakout the price will most likely retest the higher high!