johnmad

USOIL Weekly 2019-11-30

Short
FX:USOIL   CFDs on Crude Oil (WTI)
Even though i anticipated that Price should continue Higher i am focusing on a correction to the downside based on the Weekly Chart .
There is a clear Negative (Control Candle ) ''Early Bearish Engulfing Candle "' alerting that we should switch our attention to the down trend .
Look left and see every time Price crosses below or above the Grey EMA Line you will see a correction .
There is a Bullish Wedge Forming which is also a possible Wolfe Wave directing us to the possible up Target which i think could see mid $80"s

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