Elliott wave analysis on usoil (2016-07-30)

30 ביולי 2016

Oil started rebounding when it came to the potential reverse zone at Friday.

From elliott wave analysis, the correction wave completed likely.

Break out of the sharp decline channel will confirm the rebound.

Trading suggestion:
Go long when it breaks out of the decline channel with SL at 40.5
TP1: 43.19
TP2: 44.51
TP3: 45.90

No confirmation, no trading!

Good luck for everyone!

1 באוג׳ 2016

עסקה פעילה

1 באוג׳ 2016

הערה

Be careful! it might be a false break. I set a tight Stop Loss at 40.5!

1 באוג׳ 2016

עסקה סגורה: הגיע לסטופ

Oil is still very bearish. I shorted it again. I am looking forward it going to bottom of the weekly decline channel.

3 באוג׳ 2016

עסקה פעילה

tradingview.com/chart/jHqp4dh0/

3 באוג׳ 2016

הערה

4 באוג׳ 2016

הערה

Nice rally!