zcsniper

abc correction pattern from 2009

Short
zcsniper Updated   
FX:USOIL   CFDs on Crude Oil (WTI)
Starting to see the same ABC correction for Oil back in 2009 happening again on the monthly for 2015. Starting to think we'll rebound around 35-40 as an ultimate bottom.

only long term, got no short term ideas on this one. plus all speculative.
Comment:
Haven't looked at this in about a year, looking like it's a solid ABC correction pattern as I had imagined. we should see solid momentum if we ever see a breach around 64.71

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.