hussain9
Short

USOIL 1 HOUR

TVC:USOIL   Crude Oil (WTI)
340 8 9
Trading above 51.91 I am expecting 55 . If we traded below 49.45 we will go down for correction.
Comment: In harmonic analysis : we have 2 patterns ABCD targeting about 52.9 then go down targeting the lower trend . The other pattern is a bearish butterfly .
put the 2 schools of trading patterns in your mind :
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your i is looks like 3 wave move. can it be start of ED or IRRG correction
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hussain9 PRO sanjay.prajapat.311
yes it can be both .If its going to form an ED its a good chance to take a bearish set up . I just need to waite and see .
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agreed; looking for 54.6 to 55.1; nicely done
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hussain9 PRO smitheric1970
u r welcome .
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i have a hard time counting what you have as a wave 4...looks like price is heading down anyway.
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hussain9 PRO moneycat8
When u have a difficulty in counting a wave it means you are in corrective one . But once u look to an impulsive like this , it's a clear 5 moves up . The most important what is going to happen next . After this 5 impulsive wave up I'm expecting a correction down ABC .
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moneycat8 hussain9
the correction looks like irregualar flat shaping up...
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hussain9 PRO moneycat8
Looks like a triangle .
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