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yann2zen

Impulsive move down, what's next for OILUSD?

Short
WTI Crude (OIL) / US Dollar (EASYMARKETS:OILUSD)  
yann2zen Updated   
EASYMARKETS:OILUSD   WTI Crude (OIL) / US Dollar
Trend Analysis Wave Analysis Chart Patterns
2
0
trendanalysis waveanalysis chartpattern
For a few weeks now I have attempted to buy OILUSD but prices kept coming down and now I have a clearer picture of what could potentially happen next.
Should we get an ABC correction of this impulse, I will be looking for sells.
Comment:
This could be the ABC correction I anticipated...

snapshot
Comment:
It looks like price is moving in our direction

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Comment:
Nope! Downtrend continues...

snapshot
Comment:
Patiently waiting for this move to play out then enter a sell position. As long as price doesn't go into wave 1 territory.

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