Get started
glennmercer

USOIL: Finally! Bearish Impulse! High R/R Attempt

Short
CFDs on WTI Crude Oil (TVC:USOIL)  
glennmercer Updated   
TVC:USOIL   CFDs on WTI Crude Oil
Crude Oil WTI Oil Harmonic Patterns Elliott Wave EW glennmercer gmercerfx
17
6
usoil oil harmonicpatterns elliottwaves ew glennmercer gmercerfx
We finally have a bearish impulse on OIL! I am looking for an entry on at the bearish bat on the lower TF. Check it out:
snapshot
If this is the first impulse of the drop to the mid 40's, this has a long drop ahead and some missed pivot targets below. I want to short this at the bat completion level to test this bearish impulse. SL is placed above the root of the impulse, as any rallies above this level invalidates the trade. TP set at unhit monthly pivot for October. Happy trading
Trade active:
Hey traders! Strong resistance at entry, best possible scenario. Check out the triple top around bat completion:
snapshot
Comment:
Nice drop! +1.51. SL moved to B/E
Comment:
Comment:
Still going! Just a few more cents to target, looking at Monthly pivot to take-profit:
snapshot

Related Ideas

glennmercer
EURUSD Wave Count: More Downside After Triangle Breakout
glennmercer
OIL: Ready to Drop!
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.