USOIL. Possible Gartley pattern

TVC:USOIL   CFDs on WTI Crude Oil
This is a very audaceous setup as we still have point C to be confirmed, there may not be any harmonic pattern at all.

The eventual pattern is located at key support and resistance levels and would also confirm a deep 23.60% retracement of what is considered a bullish Wave 1.


Entry: 47.70
SL: 49
TP: 41.50

Entry: 41.50
SL: 39
TP1: 44
TP2: 47
TP3: 55.22 (not related to a pattern)
Comment: According to the plan.

Just wanted to strees an important point: EIA reports are not a reason for oil to move up or down. They are important to watch but they are just a trigger for the market to produce important movements. The direction of these movements can be predicted!
Trade active: Short order activated at 47.70. Moved to breakeven
Comment: Halfway done!
Comment: Almost there
Comment: We may hit the target on Monday. If everything is correct, we will start bouncing on 20th or 21st
Comment: Shorts are welcome from 45-45.50 as it hasn´t reached the original target yet. A 10% movement is not a bad movement to catch, at all!
Trade closed: stop reached: Pattern was invalidated
Good day Sir. All These days i followed your perfect charts. All your Job here is much appreciated. But now on your opinion should we keep our Shorts in oil? Thanks
Possible ABCD pattern, targeting a key level. Notice previous trendline re-test

YOU MEAN TO SAT THAT ITS NOW 44.XX and it will go 47.xx if its ok then when will it reach to it because i have buy the USOIL from 45.28 today
I believe yes. We are in a sort of a "flat correction": trapped in a range between 50 and 40... Rest of the markets are in the same position: we are in a flat, expecting a trigger which will send everything up or down
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
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