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aibek

WTI Crude oil. Don't miss this Bear Flag!

Short
CFDs on WTI Crude Oil (TVC:USOIL)  
aibek Updated   
TVC:USOIL   CFDs on WTI Crude Oil
Chart Patterns Wave Analysis crude Oil Crude Oil WTI Crude Oil Futures WTI (CL1!) USDWTI wtiusd
16
2
chartpattern waveanalysis crude oil usoil cl1! usdwti wtiusd
Crude oil broke below long term support (white) and we see the healthy pullback in the making.
This move shaped the favorite Bear Flag pattern with a Low Risk / High Return potential.
Wait to sell on the breakdown.
Target area is set within the orange box per Fibbo levels.
I guess it's 5 of (1) in terms of EW.
Take care!
Comment:
1st target reached

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