FX_IDC:USDWTI   U.S. DOLLAR / WTI CRUDE OIL
been holding out for the 43 hammer for a while.

Daily close looking for bottom of triangle at 38.7

Longer time frame lower lows at green and pink line.

Oil has the potential to reach back to $60 but not yet. maybe 2021, top prices at 2022 before final plummet
Comment:

drop working well . I closed my trades after a break break and drop. Possible more downside but range up space also plausible. Waiting to confirm next move - watching closely
Comment:
drop well executed. looking for another move up now. Oil near a support bottom - possible more down side at comfortable fib levels. Opening will show ups the way. but the predictions are here
Comment:
Comment:
D wave up was a textbook move. looking to see here if the break was an early bull which will discontinue the corrective triangle or if it wants to break back into form and complete E wave.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.