aibek
Long

USOIL. BUY at current as correction is over

FX:USOIL   Crude Oil (WTI)
68 4 3
ENTRY 45.75
STOP 1 = 44             .65
TP1 = 52.75 (AHEAD OF WAVE 4 DOWN)

STOP 2 = 43.15 (BELOW LOWS)
TP2 = 64.60 (W3 = 1.618 W1)

RISK/REWARD BOTH ARE 1:6

PREVIOUS IDEA ALMOST REACHED THE CORRECTION TARGET 43.15
Maybe you should reconsider the descending triangle on your chart,
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aibek andberg
Hi Andberg, please show me your chart to get your idea?
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20150910 Descending triangle with pitchfork on USOIL 240
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aibek andberg
we have different approach: I used closest points to link, you used impulse low with latest low. Upside is similar.
also different time frames but idea is clear i guess
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