nicole0804
Short

WTI Crude Oil - Potential Butterfly Pattern

NYMEX:CL1!   LIGHT CRUDE OIL FUTURES
188 2 4
snapshot
Potential Butterfly pattern detected.
If this is correct, then oil             might forming second leg from the high of 49.08, possible retracement fibo levels will be 38.2% or 88.6% of AB. In this case, it seems like oil             will retrace to level 88.6% which might bring oil             to $40.30++

A B = 78.6% retracement of XA
B C might be formed if price is heading to 88.6% of AB, which is around $40.30++

Can try to enter SHORT near the black color downtrend line, and target profit level around $40.50++ - $40.30++
Johnkiew
2 months ago
walau
Reply
nicole0804 Johnkiew
2 months ago
this is sibeh niceee~ see the pattern
http://www.babypips.com/school/summer-school/harmonic-price-patterns/the-gartley-and-the-animals.html
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out