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

מעודכן
Oil started rebounding when it came to the potential reverse zone at Friday.
Where will oil go from the view of harmonic pattern?

From elliott wave analysis, the correction wave completed likely.
Elliott wave analysis on usoil (2016-07-23)

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!
עסקה פעילה
הערה
Be careful! it might be a false break. I set a tight Stop Loss at 40.5!
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.
תמונת-בזק
הערה
תמונת-בזק
הערה
Nice rally!
Trading setup for USOIL (2016-08-04)
analysisElliott WaveParallel ChannelCrude Oil WTI

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