tntsunrise
Short

OIL 2ND SELL OPPORTUNITY

FX:USOIL   Crude Oil (WTI)
9066 46 135
7 months ago
OIL             2ND SELL OPPORTUNITY

What I see the Oil             now is a pattern
that occurs over and over again.

AB=CD move ends at the 0.618 Level.

Therfore it is good to get ready to short oil            
at this zone.

Entry, SL and TP level
will be available for my students only.


7 months ago
Comment:
snapshot
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Kingsley
7 months ago
Thank you , Jack.
Reply
Thanks a lot Jack I'll wait your ok for entry level for short
Reply
zhipengcfel
7 months ago
Hi Jack, thanks! But it looks more like a invert head and shoulder, isnot it?
Reply
Don_Corleone PRO
7 months ago
Thx for sharting ones again Jack!
I am looking to sell there as well+I've already closed profits from the long opportunity.Sorry it's not in english,but the graph is the graph:)GL!
>>>Нефть.Краткосрочная покупка<<<
+1 Reply
watsonzou26 Don_Corleone
7 months ago
Amazing chart!
Reply
Giandomenico85
7 months ago
Thanks Jack, last two short were great!!!
Reply
JohnO
7 months ago
Looks a bit like an inverse head and shoulders to me ? Neckline 48.42
Reply
Trendhopper
7 months ago
I thought AB=CD only was valid if retracement between b and c was 0.618....in this case its about 0.5........
Reply
tntsunrise TOP Trendhopper
7 months ago
you can go back testing, see how many times if BC leg is 0.5, and succeed.
+1 Reply
Trendhopper tntsunrise
7 months ago
OK Thanks!!!
Reply
MiDiGre PRO
7 months ago
Jack, are you think SL at 49.15 could be enough?
Reply
NamNguyen5s
7 months ago
How can I become your student?
Reply
Trendhopper
7 months ago
Price doesnt want to go there Jack...seems Oil and Indices have peaked....your thoughts??
Reply
ozgurkocak Trendhopper
7 months ago
I agree with you. I think the target has already reach upward and now it started going down.
Reply
Trendhopper ozgurkocak
7 months ago
Dun chase price...this is always Jacks advice...just have to wait for another opportunity.....
Reply
Trendhopper ozgurkocak
7 months ago
Price is caught in no mans lands..nobody wants to touch it ....so trading is very slow....should test neckline at 48.00....then bounce to a right shoulder and short opportunity at 48.38 ..although to be safe lets wait for the 48.71....better not to trade than lose money!!!....could take many hours!!!!!
Reply
ozgurkocak
7 months ago
Hi Jack,

I think it already hit the resistance level of the previous bounce of level. It may well start going down after this point is it not? I have already entered and looking to take some profits at 47.05
Reply
Cruddest
7 months ago
but sir if this happened , then my view about that we are still in wave (iii) is true
Final and last treasure map thought wave 2 OF 3 !
Reply
Cruddest Cruddest
7 months ago
but if this happened then its a different scenario
descending triangle  wave (B)
Reply
watsonzou26 Cruddest
7 months ago
It looks like the price is going your way. Great chart!
Reply
Cruddest watsonzou26
7 months ago
thanks and enjoy ;)
Reply
watsonzou26 Cruddest
7 months ago
Hopefully oil price will retrace from this high level to your "d" point.
Reply
Cruddest watsonzou26
7 months ago
if price went down could not break 49.03 then the pattern is and valid and call is buy target 50.25 , good luck
Reply
Cruddest Cruddest
7 months ago
if price went down could not break 49.03 then the pattern is invalid and call is buy target 50.25 , good luck
Reply
korrium
7 months ago
Thanks for the analysis,here's my ideea
idea-rebounce at resistance then go short
Reply
livethedream
7 months ago
Thank you Jack. Confirmed my analysis too. AB=CD... 161 ext coupled with 61.8 fib retrace (confluence of fibs) sell zone
Reply
Trendhopper livethedream
7 months ago
48.00 -49.00 in 5 minutes...crazy...lucky i didnt place a positiion....stick to indices and currency pairs
Reply
fxbruno
7 months ago
how u become a student ??
Reply
robgif1
7 months ago
Have a look now. target has been hit and short positions can now be opened.
Reply
watsonzou26
7 months ago
49.43?
Reply
cant agree with this
Reply
Zohaib_Malik
7 months ago
USOIL BUY SETUP
Reply
pring Zohaib_Malik
7 months ago
Hi, yep i think you are right !
+1 Reply
Zohaib_Malik pring
7 months ago
Thank you
Reply
john_silver Zohaib_Malik
7 months ago
hmmm...kind of a trick may be occured whith this breakout
Reply
I thank ST will be AB (161%) Over this level and TP CD(38.2% - 50% - 61.8% )
Reply
yeocs93
7 months ago
Hi Jack, I have not entered short yet but price has gone up one level higher than your entry zone. Is your set up still valid?
Reply
watsonzou26 yeocs93
7 months ago
I am very curious, too.
Reply
uperth
7 months ago
Hi Jack push north stronger than expected,... are we turning south now? What do you think can we expect?
Reply
Trendhopper
7 months ago
thanks Jack...
Reply
val_trader
7 months ago
To me we get to 50 - 50.5 before going down
Reply
Trendhopper
7 months ago
Tread very carefully on this because it could be a bullflag, has spent a long time at 49.5 and is undecided on direction...watch 49.08 for a possible kick upwards...safer to short under 49.00
Reply
OmegaJ
7 months ago
snapshot
Reply
Cruddest
7 months ago
treasure map , target , support resistance
Reply
Cruddest
7 months ago
treasure map " the path "
Reply
ieducswesps
7 months ago
This patttern that you are talking about is a triangle pattern ?
Reply
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