goodguy

Crude Oil 2hour LOG Final stages of contracting triangle?

Long
FX:USOIL   CFDs on Crude Oil (WTI)
Well so far so good. .d stayed <.b and price is now <a. Often in contracting triangles there is a fib relationship between the waves. One common one is that the e wave is a fib relationship to the c wave, such as in this case .e may end up at .618 x .c. We will know soon. If price goes below .a then this concept is wrong, ie I will be wrong.Hope not. I hate being wrong. Hope this is helpful.

3x long ETF is UWTI

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.