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GWaves

$USOIL Bearish Wolfe Wave

Short
CFDs on Crude Oil (WTI) (FX:USOIL)  
GWaves Updated   
FX:USOIL   CFDs on Crude Oil (WTI)
Crude Oil WTI DXY Oil crude cl1 Crude Oil Futures WTI (CL1!) Crude Oil crudeoilwti crudechart usoilshort usoilforecast usoilanalysis oiltrading oilprice Commodities
16
5
usoil dxy oil crude cl1 cl1! crudeoil crudeoilwti crudechart usoilshort usoilforecast usoilanalysis oiltrading oilprice commodities
Hello Traders,

Similar to CL1! we have a bearish Wolfe Wave in USOIL. I would cautiously enter a short trade here with tight stops.

Comment:
snapshot

We could see 5' as a likely target here. Defined at 50.90. This level also completes an ab=cd pattern. Following Geo's Off-Set Rule that gives us a high probability target of 35.22
Comment:
Hello Traders,

The ab=cd pattern is almost complete. Look for a bearish move at 50.90

snapshot

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