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johnmad
Nov 30, 2019 5:18 AM

USOIL Weekly 2019-11-30 Short

Crude Oil (WTI)FXCM

Description

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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