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ElliottWaveBelgium

Oil - Bounce higher is coming

Long
CFDs on WTI Crude Oil (TVC:USOIL)  
ElliottWaveBelgium Updated   
TVC:USOIL   CFDs on WTI Crude Oil
Trend Analysis Wave Analysis Beyond Technical Analysis Crude Oil WTI Crude Oil riskreward LONG
10
6
trendanalysis waveanalysis beyondta usoil crudeoil riskreward long
A pullback higher is coming as we are in the last moments of a bearish impulsive wave.

Look towards ~ 64 - 70 zone.

Short it once it's in place.
-or-
Try catching the bottom in the next few days.
Trade active:
Entry @ 50.78
Stop @ 49.77 at first but moved to break-even now
Comment:
*Made new entry @ 52.30
Stop at 51.90
** Closed all positions at 52.65 with small profits.

*New position opend at the 78.6 retracement of the diagonal, Stop at last low.

snapshot
Comment:
Stop to break-even.
Should have taken some profits 53.30...
Trade closed: stop reached:
Nothing won but also nothing lost !
Comment:
I will post my ideas here for easier access
t.me/em16public
Comment:
Price did not go in a zig zag manner but rather in a triangle pattern it seems.
Meaning we will see price go one more time lower before seeing any relief to the upside.

snapshot
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