Bandarsq
Short

Oil is About to Reverse

FX:USOIL   Crude Oil (WTI)
USOIL             is at the end of its first wave, Leading Diagonal , and targets 38.
Comment: Sell Signal will trigger once the lower trend of the rising wedge gets broken.
Comment: I expect the wedge to break down any time soon. Good Luck!
snapshot
Comment: Uptrend broken.
snapshot
Comment: USOIL is in wave E of X.
snapshot
Comment: Time to approach B target.
Comment: This weekly candle has a lot to say ;)
snapshot
Comment: Line Daily Chart. Broken uptrend.
snapshot
Comment: Approaching target.
Comment: Allow it to go lower this week.
snapshot
Comment: Heading toward target.
Trade closed: target reached: Oil might go lower but this level is good enough.
I am gonna keep an eye on this very closely. Thanks
Reply
you're most welcome.
Reply
Do you think will happen with the fall of the current price?
Reply
creaker creaker
By the end of the figure the price is not reached
Reply
creaker creaker
There can be 50,51,52,53
Reply
Yes I believe wave 5 is there. However, I wouldn't rush anything and will wait for breakout of the rising wedge.
Reply
Hi.Add a short reason why oil prices. Thank you.
snapshot
+1 Reply
Thank you for sharing.
Reply
Is there a compelling reason why you ignore the overlapping rule that qualifies a diagonal?
Thanks
Reply
Bandarsq PRO WaveAlchemy
You can think of it as impulse wave too but I just couldn't ignore the wedge formation.
Reply
WaveAlchemy Bandarsq
of course, thank you.

good luck with this one.. looks good
Reply
Bandarsq PRO WaveAlchemy
Cheers!
Reply
Please slow down a little... Massive draw downs this week.. $52-$53 first
Reply
Please read my comment I posted. I will wait for the wedge breakout.
Reply
the target should be low 30s.
Reply
Some supports will be tested. Thanks for sharing.
Reply
i think this is just the end of wave (3) , i most cases thist is the longest wave and now in you wave count wave 1 is the longest. wach the volume .
Reply
Wave 3 doesn't have to be the longest but surely can't be the shortest. If wave 5 becomes longer than wave 3 then I will update of the whole impulse wave count.
Reply
tm86hot Bandarsq
your right. i see a spike in volume /i see it like a 3 wave extension in develop .
Reply
Could be the start of the slippery slope (pun intended) watch for another short burst up though.
USOil can it grab a bit more?
Reply
I think it's heading down now. Thank you for sharing.
+1 Reply
Looks like wave 5 will be an extended one !
Reply
Bandarsq PRO OmarJundi
not sure about that since it broke the uptrend.
Reply
are you in a short on this already?
Reply
Bandarsq PRO forexdailysignals
Yes.
Reply
awesome thank you
Reply
Bandarsq, which level could invalidate this idea?
Reply
it's heading down and after all it has to correct.
+1 Reply
mabaert PRO Bandarsq
trying to decide to jump in at market opening now, or will it pull back up a bit first?
Reply
You could set your S/R levels and place different positions.
Reply
I'm not an expert in EW Theory but I'm pretty sure we just completed Wave 3 and are now correcting down into Wave 4. Wave 5 should take us all the way up to $60 at which point this ICL will be complete and subsequently drop into an ABC corrective pattern. Correct..?
Reply
Bandarsq PRO Nightstar
You and I expect a drop to form the right shoulder of the IHS pattern on daily :)
snapshot
Reply
Nightstar Bandarsq
Yes we are :)
Reply
that weekend candle is the best ! ;)
+1 Reply
Bandarsq PRO Tradesmanship
Cheers! :)
Reply
according to us30 i think 35 is better
Reply
Bandarsq PRO LegendSum
Yes I agree 35 is the main support. In my trading strategy, I tend to exit a bit earlier.
Reply
LegendSum Bandarsq
35 also is head line
Reply
because of dxy here is expanding 1(a) 2(b)
And i think u d better to see brent (ukoil )
And accroding to us30 35 is perfect 0.618 and waves-4 (C-4-A-4)
snapshot
Reply
Bandarsq PRO LegendSum
nice chart.
Reply
what is your opnion on this count (alternative from yours):

snapshot
Reply
Possible if 42 holds.
Reply
Fantastic analysis!
We are almost there.
Reply
Bandarsq PRO chartwatchers
Thanks buddy. Yes very close.
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
France
Italia
Polska
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out