Gallop
Long

CRUDE OIL VIEW WITH POSSIBLE CYPHER PATTERN [LONG]

FX:USOIL   Crude Oil (WTI)
HI All,

This is my first post in TradingView. A complete hypothetical view from my side. Here is my 4hr TF chart with possible Cypher Pattern . I am expecting this current upside of crude will last till $4940 to $49.90. And it would fall back(retrace) to $44.3 to $44.80 zone. We could it for short position too with $51.5 but it would be a bit risky. Obviously it would take a 2-3 months time to complete the whole pattern. I am looking for long position once it falls to $44+ zone with $42.30 as SL.
snapshot
FX:USOIL            
Trade active: Oil made high of 49.93...risky sell active from 49.40 to 49.90 zone
Comment: more than 1USD in profit after selling from 49.40-49.90 zone!
Comment: positional short hit below 45 zone
Comment:
snapshot
Comment:
snapshot


As expected the price zone 44.30-44.85 as per Gartley pattern and sharply hits the TP1 $45.61
Our positional short is going gread with tiny SL.. hit below 45 zone..
Reply
46 done
Reply
low today 46.74..long way to go :P
Reply
better to sell next month contract
Reply
still has room to go up towards 49.40 to 49.90 as i said
Reply
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