"USOIL PULLBACK IN DOWNTREND CHANNEL" by trader Charles.Yang — published July 30, 2016

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CFDs on Crude Oil (WTI) (FX:USOIL)

FX:USOIL CFDs on Crude Oil (WTI)

USOIL PULLBACK AT THE LOWER RANGE IN DOWNTREND CHANNEL:
1. 1.13AB=CD
2.AD=1.618AB.
NOW USOIL FACES SOME RESISTANCE NEAR RED ZONE,
GO SHORT IF IT CANN'T BREAK OUT THE ZONE.

Comment: very nice

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