TradingView
EXCAVO
Dec 13, 2016 6:14 PM

OIL Short

Crude Oil FuturesNYMEX

Description

Crude oil make rising wedge - reversal pattern
I'm waiting for New Year surprises and still look down

Comment

Strengthening of the dollar
OIL going down
Comments
Quant
Thank you for sharing your work. It appears black gold has broken out of a bullish pattern. FIB levels if applied properly can provide a method of forecasting price levels. It appears to be late in the business cycle energy and materials outperform other asset sectors. Windows open, get closed (gaps). Trade well.

gaptraderhq
@EXCAVO ... Great chart buddy. Question, I'm about concerned about the Gap at 56.50. Any chance of that closing first before we see Oil drop???
More