aibek

USOIL. Wait till falling knife sticks. Possible bottom areas

FX:USOIL   Crude Oil (WTI)
Hello friends!

Trend is your friend and don't try to buy oil             earlier.
But nevertheless, we should measure possible bounce areas.
This last 5th wave down out of III             could stop around 0. 5-0 .618 of wave 1-3 subtracted from peak of wave 4.
0.5 = 27.43
0.618 = 19.13
Lets add here middle of the channel (dashed line inside of the downtrend) which crosses the area of 0.618.
So another 5 to 13 dollars down.

Be careful, despite the accumulated divergence on RSI (subchart below) we can have another dip down.

Cheers!

English
English (UK)
English (IN)
Deutsch
Français
Español
Italiano
Polski
Türkçe
Русский
Português
Bahasa Indonesia
Bahasa Melayu
ภาษาไทย
Tiếng Việt
日本語
한국어
简体
台灣
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