lewglasgow
Long

Crude Oil - Bullish Gartley

TVC:USOIL   WTI CRUDE OIL
Wow this is huge, yesterday I posted my analysis on market direction stating I would be looking for possibilities on the shorter time frames... Here is my analysis below:

Crude Oil - Market Direction


I have my first possibility for USOIL             on the 4h chart with a picture perfect bullish gartley pattern, we just need to be patient to see how the market shapes up.

The measurements for a valid gartley pattern are detailed below.
B: 0.618
C: 0.382 - 0.886
D: 1.272 - 1.618
Final X to D: 0.786

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