Oil is About to Reverse

FX:USOIL   CFDs on 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!
Comment: Uptrend broken.
Comment: USOIL is in wave E of X.
Comment: Time to approach B target.
Comment: This weekly candle has a lot to say ;)
Comment: Line Daily Chart. Broken uptrend.
Comment: Approaching target.
Comment: Allow it to go lower this week.
Comment: Heading toward target.
Trade closed: target reached: Oil might go lower but this level is good enough.
Fantastic analysis!
We are almost there.
Bandarsq chartwatchers
Thanks buddy. Yes very close.
what is your opnion on this count (alternative from yours):

Bandarsq f1l1per.
Possible if 42 holds.
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)
Bandarsq LegendSum
nice chart.
according to us30 i think 35 is better
Bandarsq LegendSum
Yes I agree 35 is the main support. In my trading strategy, I tend to exit a bit earlier.
LegendSum Bandarsq
35 also is head line
that weekend candle is the best ! ;)
+1 Reply
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