zhipengcfel
Short

Oil mid-term top detected

NYMEX:CLN2016   LIGHT CRUDE OIL FUTURES
1. ABCDE wave of wedge pattern finished;
2. Bat pattern completed;
3. Bearish Engulfing Pattern;
4. Bearish divergence;
5.Channel resistance;

Good luck for everyone!
Comment: Bear continues. It breaks out of the wedge. Pay attention to today's close price. If it closes below 49.6, it means more decline next week.
snapshot
Comment: Cool! The close pice is much lower than 49.6. The target is pulling back to the bottom of the channel which is around 45.5 at least. For the ones who did not jump this decline can sell the retrace at 49.5~49.6 with SL at 50.1.
snapshot
what targets you would suppose?
+1 Reply
TP1 46;
TP2 44.7;
TP3 41.7
+1 Reply
avento zhipengcfel
Thank you!
+1 Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
日本
한국
Home Stock Screener Forex Signal Finder 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 Account and Billing Sign Out