ElliottWaveBelgium

Crude Oil - Down move ended. Higher prices coming - min 2.5 R/R

Long
TVC:USOIL   CFDs on WTI Crude Oil
5 waves down completed and we can count now 5 smaller degree waves from last low. (see comments)
After a small pullback, we can buy.

Notice also the gap around 65.50, price has a tendency to fill them.

Trade Setup :

Entry : 53.90 - 54.20
Stop : below wave 5 @ 52.73
Target 1 : 58.00
Target 2 : 62.00
Target 3 : 67.70

This trade can be very profitable and has a very small invalidation point(stop).
Trade active:
Pending order filled at 53.93.
Trade closed manually:
Closed at break-even. No time to monitor this trade today.
Looking for a new entry another day.

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