anilmangal

USOIL UNDERSTANDING WAVE STRUCTURE & HOW THEY BEHAVE

FX:USOIL   Crude Oil (WTI)
17423 75 335
4 months ago
Hi Guys, thanks for all the support and messages sent, I am still fighting the flu ,it should be gone in a day or two.
Just thought i would post this since there are many request for it . I am expecting it to make some kind of corrective structure then one more down impulse to complete the C wave before it starts to trend up again.
If there are any change to structure i will update.


Trade with care
Thank you for your support.
4 months ago
Comment: UKOIL
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3 months ago
Comment: I am still expecting a C wave down , let's see if it happens.
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3 months ago
Comment:
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3 months ago
Comment: UKOIL is already showing a running flat
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Training : add to skype mangal457
sugurlu
4 months ago
Thank you for sharing anilmangal.
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MainStreetTrading
4 months ago
thank you for sharing anil!
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Fereydoon
4 months ago
Thanks Anil, i hope you get better soon.
+3 Reply
Abozahra PRO
4 months ago
Get well soon Anil!! :)
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RuhailKhan
4 months ago
eat spicy food you flu will fly.
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MainStreetTrading RuhailKhan
4 months ago
@RuhailKhan, thats crazy i never knew that!
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RuhailKhan MainStreetTrading
4 months ago
@MainStreetTrading, i don't lie, i do the same things. eat too much, take rest and some spicy food is very good.
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MartinVlaev RuhailKhan
4 months ago
@RuhailKhan, lol, I eat garlic
+1 Reply
joeycsw19 PRO
4 months ago
Thanks for the sharing. Get well soon.
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Meirinho30
4 months ago
Thanks! Until when do you think the uptrend will continue?

Wish you to recover fast!
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Hello Anil! As far as I understand, you consider that we haven´t finished yet the Wave B in a bigger C in a bigger 4? Currently, it is a sort of a expanding formation? I ask because I expected a triangle here =(

Many thanks for your reply!
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anilmangal TOP captain_smollett
4 months ago
@captain_smollett, bof C in a (B) (2) triangle possible any corrective structure will be good for one more down
+5 Reply
captain_smollett PRO anilmangal
4 months ago
@anilmangal, I see! Thank you for a hint once again
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watsonzou26
4 months ago
Thanks Master Anil.
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watsonzou26 watsonzou26
4 months ago
@watsonzou26, BTW, Taking some Vitamin C will help you recover.
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VirtualFax
4 months ago
If you haven't yet, try oregano oil. Works like a charm in fighting flu, especially at early stages. Just follow instructions on the box.
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Fox_
4 months ago
Sir Thank you for Beautiful Chart
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OAKS PRO
4 months ago
Oh no pro, i don't hope the C leg down... could it be like this way
still some small room with Crude
+1 Reply
CJ_pips OAKS
4 months ago
@OAKS, I think your bottom trend line is incorrect. I dont think your supposed to draw it from the bottom of the impulse, thats not part of the correction.
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OAKS PRO CJ_pips
4 months ago
@CJ_pips, it is a typical wedge formation pattern mate, you could find it everywhere in the market actually
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OAKS PRO CJ_pips
4 months ago
Hi Dear@CJ_pips, Review of the OIL trading idea development in the past 2 months , nice i think ;)
https://www.tradingview.com/u/OAKS/#search-charts=USOIL
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Cazzie
4 months ago
Sorry to hear you're feeling poorly Anil. I've been there and know it's not a good place.
You will recover though, breathing will be magical and you go for walks, preferably with the little one.
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AdnanKhan
4 months ago
thank you
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pmcllc PRO
4 months ago
thank you
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sushil6002
4 months ago
how did u do that,how did u implicate about this correction
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fuhuiceo
4 months ago
Request XAUUSD analysis recommendations
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taruny2k
4 months ago
Thanks a lot what about gold
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darth_vader taruny2k
4 months ago
Light crude oil
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Pip_2_Post
4 months ago
Hi Anil, I am a new trader and have been looking at past charts for the last 6 months trying to break them down the way you so expertly do. There are very distinct patterns price follows, it might be erratic in the journey price takes at times but never breaching the high or the low once it has been confirmed despite news Brexits or President changes! Learning how and why they do it is fascinating to me. I Just wanted to say Thank you for confirming I am not mad and seeing things that don't exist! I wish you a Speedy Recovery and please keep posting your work. Also I am looking ng at EUR GBP D1 .... Is that a leg B Forming to Go C higher?
+3 Reply
audiencengobeni
4 months ago
I am waiting to trade c
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TheWave
4 months ago
Oil futures expire this Friday. Let's see what next week brings us.
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BeyondGod
4 months ago
Thank you for sharing ^^
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Pancu1903
4 months ago
Hello anil, this idea was canceled ?
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john_silver
4 months ago
hi there! H&S coming
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ZeziScalper john_silver
3 months ago
@john_silver, that chart looks like a 3 yo colouring book ahah no offense
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john_silver ZeziScalper
3 months ago
@ZeziScalper, and now? how many y.o. am I?))
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jwnwrght
3 months ago
Anil - looks like the pattern is trending as predicted. Any updates on this idea by chance? Thank you for your guidance!
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anilmangal TOP jwnwrght
3 months ago
@jwnwrght, just explained in the weekly outlook will post the recording soon
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jwnwrght anilmangal
3 months ago
@anilmangal, Thank you, Sir!
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RamzyNoor04
3 months ago
Hello Anil, any update about this? Are we going to get any opportunity to go long at around 45 after today's OPEC deal?
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MassimoMattioli
3 months ago
Hi Anilmangal,
you think the next move from B to C is still valid after today,,,??

Best regards
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FollowSmartMoney
3 months ago
Hi, hopefully the C wave is still valid. Here is my view:
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Zohaib_Malik FollowSmartMoney
3 months ago
Its not that simple
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foxyforex
3 months ago
well, at least this guy has got it right
OIL-Steps for this week
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adezeno PRO
3 months ago
Love that count. :) thank Anil
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SaifurRahman PRO
3 months ago
Hi Anil,

It seems like a flat(expanding ) structure, so we should expect the C wave to be a 5 wave structure instead of 3 wave (ABC). Isn't it?
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sallyhaan PRO
3 months ago
you are brilliant! the abc correction is exactly the same as what you predicted! Amazing!
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IvanLabrie PRO
3 months ago
I think your A before the last B up is a C wave actually Anil. If we break the highs, it'll become even more likely.
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IvanLabrie PRO IvanLabrie
3 months ago
-Some kind of expanded flat thing-
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anilmangal TOP IvanLabrie
3 months ago
@IvanLabrie, BTW glad you are studying structure :)
+1 Reply
anilmangal TOP IvanLabrie
3 months ago
@IvanLabrie, possible but that would be running flat and i don't normally forecast those patterns because they are rare , i always forecast as regular flat and then relook at structure in cases of irregular patterns.
+1 Reply
IvanLabrie PRO anilmangal
3 months ago
@anilmangal, I'm familiar with Elliott Wave, and Neowave, but not trading with it. I have studied these methods before.
What you say is logical, but I'm basing my assumptions on other methods I use.
We will know shortly, I estimate within 3 days, if this is going to break up, or first retrace again in your C.
Cheers.
+1 Reply
BhaktaBasics anilmangal
3 months ago
@anilmangal, At what point will this C (of B) wave become invalid? - Am i right in saying that if the price goes above the previous high around 51.9 this would negate the entire ABC correction.
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+1 Reply
BhaktaBasics BhaktaBasics
3 months ago
@BhaktaBasics, Apologies, my wording and chart are a little confusing. My chart refers to the large ABC correction before the larger move up. The B to C move is split further into ABC of which we're currently in the B wave. My wording 'C (of B)' refers to the current C wave completing the B wave of the larger B to C move. I'm sure you know what i mean.
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anilmangal TOP BhaktaBasics
3 months ago
@BhaktaBasics, yes , if the up move breaks the top of the structure ,then that negates the abc for C
+2 Reply
morphinestyle PRO anilmangal
3 months ago
@anilmangal, Hi Anil, this is possible scenarios? Do you think it's correct vision? Do you think the "2nd" possibility can be correct if new highs come and change structure?
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BhavirThakkar anilmangal
3 months ago
@anilmangal, Talking of structures, I agree irregulars and expanded are hard to predict - we have to take them as they develop ..
How about one more possibility - Consider your A and everything from thereon could be part of B (expanding triangle or WXY) - this may still be followed by C ..
interesting to see this develop.
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anilmangal TOP BhavirThakkar
3 months ago
@BhavirThakkar, yes if it gets that complex we will have to wait for a while before we get a nice trade , but short term trades will still be possible. Here is a very complex B wave on the EURCAD
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BhavirThakkar anilmangal
3 months ago
@anilmangal, thank you very much Anil. I really appreciate your kind gesture of sharing this similar scenario to better explain complex B waves to the trader community.
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fxbruno
3 months ago
Looks that US oil played exactly as planned !!! Thank you Sir !!!
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castellos
3 months ago
Thanks Anil,
get well soon
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Joey_Hanesher
3 months ago
Hi anil, are we having weekly outlook webinar later today ?
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anilmangal TOP Joey_Hanesher
3 months ago
@Joey_Hanesher, Monday
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Joey_Hanesher anilmangal
3 months ago
@anilmangal, ok, cheers anil
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GetBuck
3 months ago
Hello Anil, What do you think about this chart, is it possible ?
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anilmangal TOP GetBuck
3 months ago
@GetBuck, I am not expecting a triangle, but lets see if it makes a flag or make one more impulse down. It could be a running flat, which is already formed so i guess next week we will see
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GetBuck anilmangal
3 months ago
@anilmangal, Thank you, have a nice weekend sir.
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Zohaib_Malik anilmangal
3 months ago
@anilmangal, It formed the running flat u r right,, Next week we will see corrections for upside
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Iwantobelieve
3 months ago
A truncation is still possible in this setup, do you consider it ?
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runflat PRO
3 months ago
Thanks Anil - much appreciated. Get well soon - lots of chicken soup!
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Zohaib_Malik
3 months ago
Yes its a running flat (3,3,5)
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MassimoMattioli
3 months ago
Hi Anilmangal,
so at this time with the running flat pattern no more short strategy for a while,,,just try to find a good entry to buy it cheap,,,
can't wait for the webinar,,!!

Best regards
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JoseNeto PRO
3 months ago
Thanks Anil!
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anilmangal TOP
3 months ago
Please remember to register for the webinar on Monday 8am NY time we will do some in depth analysis of all majors, oil, gas and metals. Share the link ; https://zoom.us/webinar/register/7c47e0f6d49e71b17c24e00bf0acd2b8
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MartinX anilmangal
3 months ago
@anilmangal, I registered, but then due to other unexpected events I missed that. Hopefully, I will learn next time :-)
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