aibek
Long

USOIL. BUY CURRENT (31.15) TARGET 57.50

FX:USOIL   Crude Oil (WTI)
Hi all!

US oil             bounced off the level described in my previous US oil             post, just 10 cents above the 50% Fibo of waves 1-3.
The reversal is fast and furious.
Looks like many stops were triggered on the low.

If count is valid then we can see much strength ahead!

Entry current 31.15
Stop 27.00 (Right below the low)
Target 57.00 (just ahead of 38.2% of wave 3)

Happy trading!
Trade active: Apologies! It is natural that trade is active as soon as title is "buy at current"
Comment: Hello friends!
If the price will advance further I would look into moving stop to break even and will update you accordingly.
Comment: Hello everybody!
Looks like dust has settled down and the price doesn't look back.

Let's move stop to break even (31.15) to enjoy safe ride.
Best wishes!
Comment: Hi friends! Corrective moves are often complex and can revisit old levels before final 'no-look-back' break through.
I want to share my current view. Our long now is under risk as wave (B) (yellow in chart below) can stop anywhere between 38.2 and 78.6 % area. But if you moved stop to break even we will just lose the position not money. Let us see.

snapshot
Trade closed: stop reached: Break even stop reached as anticipated.
I reentered longs right here.
Reply
aibek IvanLabrie
Hi man! Good luck with long!
I want to stay away and see if we will touch 29 at 78.6% retracement.
Best wishes amigo!
+1 Reply
That's right!
Reply
aibek fishsp
Thank you!
Reply
That would indeed be a fabulous play sir! Though I think currently we are rangebound 28-34; unless 35 gets taken out. I my self am expecting new lows over the next couple months.
snapshot
Reply
smitheric1970 PRO smitheric1970
pay no heed to the channel, it just appeals to my inner bear.
Reply
aibek smitheric1970
Nice chart, thank you for sharing!
Reply
Amazing entry mate.
Reply
aibek IvanLabrie
Hola amigo! Mucho gracias, man! I like this crazy oil )))
Reply
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