Oil Measured Move Success

My measured move study was bang on. On the 26th of May I posted this study that oil should hit $44.00 by mid June see here.

It hit the mark right on schedule. 16 candles on both moves lower and the same percentage move down in that time. I have seen these measured moves more times that I care to remember. They are very accurate. I use these formations as a way to manage my trading and give me an insight into future price action. I just find technical analysis so fascinating. I also use it in combination with fundamentals for the big picture.

Oil daily showing my measured move study was bang on.

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