Fxprotrader
Long

USOIL@ Elliott Wave 5-3 Cycle Completion Opens Doors to Bulls

FX:USOIL   Crude Oil (WTI)
Price in USOIL             has completed an 5-3 Elliott wave cycle with c wave testing a key support level . At that level we can see the bottom line of a rising channel and a long term resistance level which was broken last week, now acting as support. A bulish hidden divergence supports more the idea of going long.

I would place stoploss below the long term trendline and as a profit target i would aim for 1.27 fil level of the 5 wave impulse.

Long term resistance, now acting as support:

snapshot


Like and comment,
John
FREE Trading Crypto Channel: https://t.me/clivityfx
Recommended Broker: https://goo.gl/NRquVg
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
ประเทศไทย
Việt Nam
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Priority Support Contact Support Ideas Published Followers Following Private Messages Chat Sign Out