TradingView
UnknownUnicorn3827973
May 13, 2019 4:51 AM

WHY SO MANY SHORTS  Long

WTI CRUDE OILTVC

Description

I would love to ramble about geopolitics, but that aside, the real deal I see is bear overreacting party here.

Elliott wave approach:
ABC corrective wave is completed. It's time for a bull run.

Trend line approach:
3 times tested channels is having a fourth try.

Others:
Daily Exponential Moving Average +SMA 50/100/200 are showing 4 supports and 2 resistances.

Trade closed manually

Busted pattern. For reasons I can come up,
Possible Demand worries/trade war concern and Russia production number ect.
Comments
UnknownUnicorn1020621
https://Https://www.tradingview.com/chart/USOIL/kN5oNpRE-USOIL-ILLUMINATI/ this is why
UnknownUnicorn3827973
@WaveAzzReaderz, If this was bitcoin, I would agree with your monthly chart.
UnknownUnicorn1020621
@SwingJonas, haha! I the btc too
More