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EXCAVO
Jan 13, 2017 11:23 AM

CRUDE OIL (aggressive daytrading) Long

Crude Oil FuturesNYMEX

Description

First char of oil in 2017

Trade active

Trade active

Trade closed: stop reached

Comments
Labworx
Wave 3 can never be the smallest.
Basics...

screencast.com/t/yi94gTO9C
koryu
Great, I also think we can break out up of this structure (blue channel).
Notice that your supportline and the 2 local tops build a parallel channel.
But your wave count breaks EW rules: 4 must be above 1 and 3 cannot be the weakest wave.
koryu
@koryu, here is my count zoomed in 30min chart, your 4 is my 2
imas007
Why would you take upside trade as indicated on your chart? Do you go by Stoch indicator or when indicator and your trendline (pattern) in confluence? Just curious and educational purpose.
Labworx
incorrect counting imo
hao.deng.m
@Labworx, pls show us the correct counting.
Labworx
wave 3 can never be the smallest

... basics ...

screencast.com/t/yi94gTO9C
iSaleh
thank you for your chart, but are you sure it will be going up, as I can see it will go down and then it will go up from around (51.01)
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