The AB=CD is a basic harmonic pattern - Oil price reversal event

 As a continuation of my forecast regarding the expected reversal in the price of oil, I bring here another glimpse of the basic harmonic pattern called AB=CD

Oil price forecast

In the attached example of the price of oil in a 4-hourly graph, you can see the accuracy that usually happens - the correction of the move C is exactly 50 percent of the first move of AB:

In the attached graph, you can clearly see the reversal that began at point D, a reversal that had not yet begun in my initial review of the subject. Oil price forecast