USOIL. BUY at current as correction is over Long

Crude Oil (WTI)FXCM

Description

⋅ Sep 10, 2015 6:37 PM

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

Comments

andberg

⋅ Sep 10, 2015 7:26 PM

Maybe you should reconsider the descending triangle on your chart,

aibek

⋅ Sep 10, 2015 7:35 PM

Hi Andberg, please show me your chart to get your idea?

andberg

⋅ Sep 10, 2015 7:43 PM

aibek

⋅ Sep 10, 2015 7:57 PM

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