KVE
Long

Crude OIL (WTI): Long at completion of AB=CD

FX:USOIL   Crude Oil (WTI)
1546 3 14
The structure looks like and ending diagonal and MACD is showing divergence so we'll have to see if the lower trendline initiates a bounce prior to completion of the AB=CD or not.
If PA hits that trendline in the region of the 127.2AB extension level then I might already enter long there with a tight SL. I didn't include this setup in the chart though...

If it breaks the trendline to the downside then I will buy where a possible AB=CD pattern completes. This should be roughly in the 25$ region. This psych. level might provide support in any case.

Entry just above the perfect AB=CD , SL well below the 25$ level. Initial target (75%) at the 50% CD retracement, final target (25%) just below the 50$ level.
Dat is wel erg diep...
Reply
KVE Yahia.Awes
Ik hou van wat dramatiek af en toe...Maar geef toe, mooi niveau om te kopen toch... ;-)
Reply
Mooi niveau is het zeker, ik ben short gegaan vannacht op 38 :) Mijn support line was ook nog niet geraakt.
Reply
United States
United Kingdom
India
Deutschland
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
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
Profile Profile Settings Account and Billing Priority Support Ideas Published Followers Following Private Messages Chat Sign Out