The hanging man was followed by an engulfing bullish (bearish pattern after a rally) on Friday, but is this price action enough to call this a top?
No, its not!
Bulls are still in control, although overbought, market can extend this move up before a pullback. A daily close above 67.34 can "definitely" postpone a move down.
Short term up target above 69.20. New highs in 3/5 weeks.
If price can´t get over this area and closes under 67.06 (an hourly close would "be enough"), then bears have a chance to test medium term exponential moving averages (50 & 200 days), closing the huge gap up from January the 2nd...
