Oil : Trying to find the bottom

FX:USOIL   CFDs on Crude Oil (WTI)
In the previous post i was looking for a big move up, but price went lower instead. Price is now again at an interesting level. In the count above I have price from 62.56 in a double three with both legs equal ( most common in double threes = 100% or 76.4% ) where the decline itself is part of a last leg inside a bigger double three from 114.95. Here however wave Y is only 50% of wave W, which is less common.

The ending diagonal idea is still valid but can't go below 21.70.

Best of luck and be careful if you decide to try and catch this falling knife.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out