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TheAnonymousBanker
Jan 29, 2018 12:45 AM

[WTI] POTENTIAL WAVE (V) IN DEVELOPMENT Long

Crude Oil (WTI)FXCM

Description

The trend has remained bullish on daily chart, and that means that WTI should be able to reach 68.5/70.50 area without triggering a pullback. From a technical point of view, the completion of wave (v) should trigger subsequent pullbacks, and most likely reversal patterns should also appear.

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Comment

Monitor PIVOT in daily closing

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Comments
truongdaiduy
- We already have double tops
- Up-trend is broken
- Current momentum is just structure pullback:


TheAnonymousBanker
@truongdaiduy, agree, but it's not impossible...

jeffreyjim
"Nice Post" --- "Thanks"
junp2010
One more new high very possible on daily chart. Swiss always be my light.
MoFXSignals
You are the best man..thanks for sharing this wonderful chart and your analysis is spot on. lets hope this will play out well.
TheAnonymousBanker
@4XHunter, Thank you!! Have a nice week!!
KingGoose
@SignalSwiss, Hi.. what are your thoughts on oil now, since the latest drops?
stuyoman
Looks like resistance was too strong, quite a fall
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