Pay attention to the wedge carefully Short

Crude Oil FuturesNYMEX

Description

⋅ May 20, 2016 9:44 AM

USOIL formed a nice wedge. The price also comes to the upper border of previous consolidation area.

I will watch it carefully and prepare to sell the break with SL at 49.3.
TP1: 47.2
TP2: 45.9
TP3: 44

Good luck for everyone!

Crude Oil Futures WTI (CL1!)Elliott Wave analysis Rising Wedge

Comments

icypuma98

⋅ May 21, 2016 3:14 PM

Very nice.

zhipengcfel

⋅ May 22, 2016 5:58 PM

Thanks!