KVE
Long

Crude OIL (WTI): 4H setups based on harmonics

FX:USOIL   Crude Oil (WTI)
939 6 8
Two possible setups, first long at market, 2nd at completion of a possible bullish bat .

Higher timeframe analysis linked below.
Comment: SL hit on the higher entry... Watching PA now since we're at the bat's PRZ.
Time-wise it doesn't add up, the drop was much faster than the XA rise which might mean we could already be on our way further down...

Proceed with caution!
Comment: Low, low, low she goes....
Order cancelled
KVE IndonesiaBankTrader
Down she goes...
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how do you think now
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KVE Rayge
I'm still waiting, we might see some retracement from the trendine but we broke the low (bat X) so it depends on what PA does, We're now in between the low and the trendline..., we should wait until we break back above the horizontal line or below the trendline. Ideally I would like to see a break and consolidation or a break and re-test before acting.

Overall this looks very bearish to me so I am looking to short below the trendline and I really hope we complete the AB=CD further down, that would be the most ideal entry for a nice long (entry around 26-27, SL below 25, also see the above linked idea).
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Is it possible to reach 34.50 ???
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KVE Gee
Yes, we have reached it! The drop was quite steap though, I'm watching it now, I haven't entered based on the bat yet, watching PA...
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