nicole0804
Short

WTI Crude Oil - Potential Butterfly Pattern

NYMEX:CL1!   Light Crude Oil Futures
193 2 4
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++
walau
Reply
nicole0804 Johnkiew
this is sibeh niceee~ see the pattern
http://www.babypips.com/school/summer-school/harmonic-price-patterns/the-gartley-and-the-animals.html
Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out