coffeteaorme

USOIL Possibility Bearish Butterfly Pattern

TVC:USOIL   WTI CRUDE OIL
2 months ago
Stop loss should below A

How to trade a butterfly pattern?
1.Move AB should be the .786 retracement of move XA.
2.Move BC             can be either .382 or .886 retracement of move AB.
3.If the retracement of move BC             is .382 of move AB, then CD should be 1.618 extension of move BC             .
Consquently, if move BC             is .886 of move AB, then CD should extend 2.618 of move BC             .
4.CD should be 1.27 or 1.618 extension of move XA.
2 months ago
Comment: Looking good for now isn't?
2 months ago
Trade closed: target reached: Hit on point D perfectly.
ardi.kota
2 months ago
o star
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ardi.kota
2 months ago
u right
is time to buy
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SharkbaitAl
2 months ago
Saw this idea last night, nice work :)
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coffeteaorme SharkbaitAl
2 months ago
Thank you.
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VirtualFax
2 months ago
I'd rather have a falling wedge/triangle, than a butterfly : )

snapshot
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ardi.kota
2 months ago
thank you
YOU
MASTER
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VirtualFax
2 months ago
If the butterfly getting ready to butterfly away? : )

Please don't consider it sarcastic; I just honestly believe the triangle is a stronger pattern here. A number of oil related stocks also seem to support the s/t downside for oil. But only time will tell...

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VirtualFax
2 months ago
Hmm, things do change drastically. You might be winning this one ...
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VirtualFax
2 months ago
So far you seem to be bang-on. Bravo!
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coffeteaorme VirtualFax
2 months ago
Thank you
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waterman
2 months ago
Welcome back. !
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leeeon
2 months ago
Are you planning to sell now?
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