Wave-Trader

Oil Patterns Analysis

FX:UKOIL   Crude Oil (Brent)
2 months ago
I am expecting next impulse breakdown will invalidate the idea.
2 months ago
Comment: Continuation expecting
2 months ago
Comment: Amazing:
24 days ago
Comment:
UKOIL buy on impulse appearance
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nick007
2 months ago
nice pattern , your edu post are vry helpfull to understand the market
+2 Reply
Wave-Trader TOP nick007
2 months ago
Your feedback is very important for me to courage and post more like this mate thanks.
+1 Reply
nick007 Wave-Trader
2 months ago
:)
Reply
VirtualFax
2 months ago
Wave-Trader, please, absolutely, keep doing your great deal of work educating the public
Reply
Wave-Trader TOP VirtualFax
2 months ago
Thanks mate
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VirtualFax
2 months ago
Btw, I believe it's more of a falling wedge than a descending triangle. So the upcoming low up to $44.75-sh would not yet necessarily invalidate the pattern. Any much lower then that might, unless it ends up being a false breakdown.
+1 Reply
Wave-Trader TOP VirtualFax
2 months ago
Please show use your take we will be very happy if you post your thoughts here mate.
Reply
VirtualFax Wave-Trader
2 months ago
Well, first off, the below is the US not the UK oil. But, obviously, the label means nothing since the action is the same.

As you can see I do have a support line identical to yours so I don't completely disregard the possibility.

However:

a) there is equally strong support line for the wedge case
b) I believe the low on Sep 16th wasn't just a slippage but an indication of the wedge formation

Lastly, though likely less probable, Oil could even bounce off the black trendline.

Will highly value your feedback!

snapshot
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Wave-Trader TOP VirtualFax
2 months ago
Amazing my friend agree with your thoughts but unfortunately we dont use resistance and support lines we use these lines for pattern formation but i am agree with your thoughts. Thanks for sharing
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IvanLabrie PRO
2 months ago
Looks like the long is viable now. Good luck mate.
+1 Reply
Wave-Trader TOP IvanLabrie
2 months ago
Very much no hurdle is there mate.
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VirtualFax
2 months ago
I'm assuming you are referring to the triangle pattern continuation, correct? Because, despite of the spike, that's what my expectation is.
+1 Reply
Wave-Trader TOP VirtualFax
2 months ago
Yes i am expecting trend continuation because we have trend continuation pattern.
Reply
Ta-Trade Wave-Trader
2 months ago
WT great call!....will we bust the neckline in your opinion?
+1 Reply
Wave-Trader TOP Ta-Trade
2 months ago
i hope so mate lets see
Reply
Rabee78 PRO
2 months ago
Really awesome, I learn a lot from you, thank you for sharing those ideas
Reply
Wave-Trader TOP Rabee78
2 months ago
cheers good luck
Reply
TomPower Wave-Trader
2 months ago
Wow. Think I found a new guru
Reply
tkarthi1
2 months ago
Wow..that was awesome
Reply
gargindia
2 months ago
Great and educating work, keep it up, Thanks
Reply
Slv
2 months ago
OPEC played up technical analysis ;)
Reply
hansenhe
2 months ago
good
Reply
GoldHunter
2 months ago
I don't trade crude oil , but the only thing I can say its really amazing !
+1 Reply
Wave-Trader TOP GoldHunter
2 months ago
Thanks mate.
Reply
pmcllc PRO
2 months ago
next stop 60s....?
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Wave-Trader TOP pmcllc
2 months ago
Price may stay on current price level little longer mate. Lets see what formation we have.
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f1l1per. PRO
2 months ago
nice to see how different analysis leed to same results!
Oil beginning a new rally?
Reply
tkarthi1
2 months ago
Perfect great job. Thank you
Reply
waterman
2 months ago
oil is going up but cad pairs like eurcad and usdcad are also going up instead of coming down !
Reply
Paul-FXTC PRO
2 months ago
amazing
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