Crude oil seems to be braking out of triangle consolidation.
Point .e of the triangle went a little lower than I expected but stayed >.c to complete I believe a 5 wave triangle as can occur as a "b" wave correction. Iffffff the c wave = the a wave then price would move to about the top of the target box. IF c would equal .62 x a then it would go to the lower end of the box. Stop if <.e (56.81). Notice the short term RSI is overbought so we may get a pullback to allow a better entry point if not already long. Take care. Goodguy.
