CL1!: Downside Continued To Intermediate Target #Crude

NYMEX:CL1!   Light Crude Oil Futures
866 13 13

Anyone who went short with me from the top well done, made some good money here.

Downside seems very likely to continue now to at least wave 3 target. There was a nice action level where bulls could have participated on 11-10 and they did manage to get a doji at the action level, BUT it was soon engulfed by bear power and bulls can't step in for a while now.

A good target is measured wave 3 target landing @ 40 psychological handle, which is a likely area for a bounce, I think.

Best of luck traders,
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Great coverage as usual mate.
Please only post productive posts in my comments, these analysis's basically back up what I just said and it may confuse viewers.

bracken TomProTrader
Maybe you noticed I'm suggesting a corrective wavecount while you obviously have an impulsive wavecount? So I'm not really backing up your story.
Sorry you didn't like my analysis. I did not mean to offend anyone

It's fine. Perhaps, it was a co-incidence that I said about not posting lots of charts and you posted 3 straight after. I thought it was purpose, perhaps you never saw you comment.

All analysis is appreciated here, I just thought you was trying to annoy me.

bracken TomProTrader
Honestly it was not on purpose. Never bothered to scroll down the comments field as sign "more capital" wrote "16 days ago" which I missunderstood. Sorry!
Don't apologise. It's fine, just one of those mix ups :)

Kind regards
bracken TomProTrader
So no bad blod between us. May the best analysis win (just joking)
Strong support @ $39-37.50 and possible turn around point
bracken bracken
Big Picture
bracken bracken
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