anilmangal

USOIL UNDERSTANDING WAVE STRUCTURE & HOW THEY BEHAVE

FX:USOIL   Crude Oil (WTI)
17542 75 345
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.
Comment: UKOIL
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Comment: I am still expecting a C wave down , let's see if it happens.
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Comment: UKOIL is already showing a running flat
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Thank you for sharing anilmangal.
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thank you for sharing anil!
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Thanks Anil, i hope you get better soon.
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Get well soon Anil!! :)
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eat spicy food you flu will fly.
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@RuhailKhan, thats crazy i never knew that!
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RuhailKhan MainStreetTrading
@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
@RuhailKhan, lol, I eat garlic
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Thanks for the sharing. Get well soon.
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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
@captain_smollett, bof C in a (B) (2) triangle possible any corrective structure will be good for one more down
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@anilmangal, I see! Thank you for a hint once again
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Thanks Master Anil.
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watsonzou26 watsonzou26
@watsonzou26, BTW, Taking some Vitamin C will help you recover.
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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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Sir Thank you for Beautiful Chart
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Oh no pro, i don't hope the C leg down... could it be like this way
still some small room with Crude
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@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
@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
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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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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thank you
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thank you
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how did u do that,how did u implicate about this correction
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Request XAUUSD analysis recommendations
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Thanks a lot what about gold
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darth_vader taruny2k
Light crude oil
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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
I am waiting to trade c
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Oil futures expire this Friday. Let's see what next week brings us.
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Thank you for sharing ^^
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Hello anil, this idea was canceled ?
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hi there! H&S coming
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ZeziScalper john_silver
@john_silver, that chart looks like a 3 yo colouring book ahah no offense
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john_silver ZeziScalper
@ZeziScalper, and now? how many y.o. am I?))
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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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@jwnwrght, just explained in the weekly outlook will post the recording soon
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jwnwrght anilmangal
@anilmangal, Thank you, Sir!
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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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Hi Anilmangal,
you think the next move from B to C is still valid after today,,,??

Best regards
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Hi, hopefully the C wave is still valid. Here is my view:
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Zohaib_Malik FollowSmartMoney
Its not that simple
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well, at least this guy has got it right
OIL-Steps for this week
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Love that count. :) thank Anil
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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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you are brilliant! the abc correction is exactly the same as what you predicted! Amazing!
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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
-Some kind of expanded flat thing-
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anilmangal TOP IvanLabrie
@IvanLabrie, BTW glad you are studying structure :)
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anilmangal TOP IvanLabrie
@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.
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IvanLabrie PRO anilmangal
@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.
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BhaktaBasics anilmangal
@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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BhaktaBasics BhaktaBasics
@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
@BhaktaBasics, yes , if the up move breaks the top of the structure ,then that negates the abc for C
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@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
@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
@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
@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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Looks that US oil played exactly as planned !!! Thank you Sir !!!
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Thanks Anil,
get well soon
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Hi anil, are we having weekly outlook webinar later today ?
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anilmangal TOP Joey_Hanesher
@Joey_Hanesher, Monday
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Joey_Hanesher anilmangal
@anilmangal, ok, cheers anil
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Hello Anil, What do you think about this chart, is it possible ?
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@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
@anilmangal, Thank you, have a nice weekend sir.
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Zohaib_Malik anilmangal
@anilmangal, It formed the running flat u r right,, Next week we will see corrections for upside
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A truncation is still possible in this setup, do you consider it ?
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Thanks Anil - much appreciated. Get well soon - lots of chicken soup!
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Yes its a running flat (3,3,5)
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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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Thanks Anil!
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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
@anilmangal, I registered, but then due to other unexpected events I missed that. Hopefully, I will learn next time :-)
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