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USOIL - TREND REVERSAL AHEAD !

Short
CFDs on WTI Crude Oil (TVC:USOIL)  
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TVC:USOIL   CFDs on WTI Crude Oil
Trend Analysis Chart Patterns Wave Analysis shortpattern shortsetup bearishpattern downtrend
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trendanalysis chartpattern waveanalysis shortpattern shortsetup bearishpattern downtrend
First target $62 on the long way to $52 !
Comment:
First station reached on the long way DOWN to $52!
Don't catch a "FALLING KNIFE"! ;-)
Comment:
Looks like another setup to $61.50 is in progress?
Comment:
Now a "BEARISH ENGULFING PATTERN" has formed! Downward trend confirmed !
Comment:
By the way, after "LEFT SHOULDER" and "HEAD" now we've the "RIGHT SHOULDER" at exactly the same level like the left one! And all ended with a "BEARISH ENGULFING PATTERN" which was the last step for the TREND REVERSAL to the DOWNSIDE ... $52 ahead!
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