Crude oil (WTI): Get ready for a meltdown

FX:USOIL   CFDs on Crude Oil (WTI)
Target on chart, you can see how the different time at mode signals work together to give us a good idea of where price is headed.
I'll place my short orders now, hopefully I get a fill before it's too late. A retracement here would be terrific.
Good luck,
Comment: I had gotten out of this short at 39 and flipped long.
Then closed longs at 44. Didn't expect such a large rally!
Interestingly enough, price stopped back at the downtrend mode, see?
If it breaks up, it has legs to hit 53-56.

Shorted at market here. No tp, will manage it. I expect a gap down open next week.
Just a quick look from the elliott wave perspective ;)

The neverending fifth.
I'm thinking it's just an incomplete 1 of something else.
Maybe leading the stocks collapse?
+1 Reply
Sokow IvanLabrie
Drop by drop :D

Yes that sounds great. Keep an eye on Apple ... like I said it will be leading to the crash (the next ... tomorrow :D )
+1 Reply
I was thinking 3 day correction minimum. (S&P and USDJPY, today was #1)
Sokow IvanLabrie
If the fear returns sooner than tomorrow. Otherwise (from the chart perspective) I also think that it takes a 3 day correction (at least) and next monday is again BLACK MONDAY!
It'll be fun.
Hopefully another 2-5% up day for me...and down for the market.
Quite a jump for oil. I believe it's finished some point between close today and 43.54 - interested in your thoughts. Still short minded?
IvanLabrie smitheric1970
I went long at 39.25 and closed at the top today (42.9).
Watching it closely.
This has been really nice, last week action was interesting, not too conclusive.
My bias remains short.
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