Emerging Rising Wedge pattern in its final wave was identified on the CVX 4 hour chart. After a strong bearish run, we find CVX heading towards the upper triangle line with a possible resistance at 154.1315. If the support shows to hold, the Rising Wedge pattern suggests a rebound back towards current levels.
CVX formed a Rising Wedge on the 4 hour chart. Retest of support in sight.
