Nantucket
Short

Follow the Yellow Brick Road

FX:USOIL   Crude Oil (WTI)
10 months ago
Have been waiting for a confirmation of trend reversal after rally on 21.01.2016. As supply glut continues to grow, there is no reason for a resurgence in oil             prices yet.

Technically,

1. Rising blue wedge was broken,
2. Rejection from .764 line to confirm H&S.
3. Upper Yellow line now serving as resistance for downward wedge.

End of corrective wave C on Daily TF, down one more wave series to retest lows before true reversal.

9 months ago
Comment: Move SL to BE, continue to monitor
9 months ago
Trade closed manually: Broke green line, new low, and out!

Related Ideas

Nantucket
USDCAD TTT
Nantucket about USDCAD 10 months ago
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out