FX:USOIL   CFDs on Crude Oil (WTI)
101 2 2
Crude (and USO ) are really pushing the limits on corrective interpretations of their rallies this morning. Over March highs and the immediate bearish pattern is completely invalidated. Already much less probable than previously thought. I'm close to stopping out of shorts entered Friday.

Related Ideas

Yesterday I was waiting for a reaction from the 138.2% extension of presumed wave c of (ii) - looking down. Price reached it in AH, so let's see if the 5-wave pattern in wave c of (ii) produces a downward reaction. Price moving strongly over suggests more pain for shorts, but the pattern technically isn't invalidated.
Note negative divergence on MACD and signs of a c-wave on Stoch RSI. We'll see...
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
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
AR العربية
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