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VladimirRibakov

Oil Buy Idea

Short
CFDs on WTI Crude Oil (TVC:USOIL)  
VladimirRibakov  
TVC:USOIL   CFDs on WTI Crude Oil
Trend Analysis Oil buy doublewave Trend Line Break
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trendanalysis oil buy doublewave trendlinebreak
H4 - Double wave down, currently the price is at a critical zone where we have the 100fibo extension level and the uptrend line.

We may expect a bullish reversal to happen from here or we may expect the price to move lower and reach the 161.8 fibo level and a bullish reversal to happen from there.

Once a bullish reversal happens mark the most recent downtrend line and then go long with the breakout.
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