zhipengcfel
Short

Oil is in a zigzag retrace

NYMEX:CL1!   LIGHT CRUDE OIL FUTURES
Oil             has finsihed five rising waves at 41.9 which is 0.618 position of last down waves.
Oil might have finished the first stage of correction
It starts retracing back currently. From the structure of the wave A down, it will be a zigzag retrace which might retrace 50% or 61.8% of last rising wave.

Trading suggestions:
Wait the wave B up and go short when it retraces to 37.9~38.5 with SL at 39
TP1: 36.4
TP2: 34.8

Good luck for everyone! Comments and suggestions are welcome!
AMBRISH
9 months ago
Thanks,
+1 Reply
zhipengcfel AMBRISH
9 months ago
You are welcome! Good luck!
Reply
Good work done....... I like that
+1 Reply
zhipengcfel sanjay.prajapat.311
9 months ago
Thanks.
Reply
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