Bandarsq
Short

Oil is About to Reverse

FX:USOIL   Crude Oil (WTI)
6 months ago
USOIL             is at the end of its first wave, Leading Diagonal, and targets 38.
6 months ago
Comment: Sell Signal will trigger once the lower trend of the rising wedge gets broken.
6 months ago
Comment: I expect the wedge to break down any time soon. Good Luck!
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6 months ago
Comment: Uptrend broken.
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6 months ago
Comment: USOIL is in wave E of X.
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5 months ago
Comment: Time to approach B target.
5 months ago
Comment: This weekly candle has a lot to say ;)
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5 months ago
Comment: Line Daily Chart. Broken uptrend.
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5 months ago
Comment: Approaching target.
5 months ago
Comment: Allow it to go lower this week.
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4 months ago
Comment: Heading toward target.
4 months ago
Trade closed: target reached: Oil might go lower but this level is good enough.
It's never been a free market and will never be.

Related Ideas

Rebounds

robus
6 months ago
I am gonna keep an eye on this very closely. Thanks
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Bandarsq PRO robus
6 months ago
you're most welcome.
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creaker
6 months ago
Do you think will happen with the fall of the current price?
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creaker creaker
6 months ago
By the end of the figure the price is not reached
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creaker creaker
6 months ago
There can be 50,51,52,53
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Bandarsq PRO creaker
6 months ago
Yes I believe wave 5 is there. However, I wouldn't rush anything and will wait for breakout of the rising wedge.
Reply
PhamPhan
6 months ago
Hi.Add a short reason why oil prices. Thank you.
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+1 Reply
Bandarsq PRO PhamPhan
6 months ago
Thank you for sharing.
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WaveAlchemy
6 months ago
Is there a compelling reason why you ignore the overlapping rule that qualifies a diagonal?
Thanks
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Bandarsq PRO WaveAlchemy
6 months ago
You can think of it as impulse wave too but I just couldn't ignore the wedge formation.
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WaveAlchemy Bandarsq
6 months ago
of course, thank you.

good luck with this one.. looks good
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Bandarsq PRO WaveAlchemy
6 months ago
Cheers!
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geggsone
6 months ago
Please slow down a little... Massive draw downs this week.. $52-$53 first
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Bandarsq PRO geggsone
6 months ago
Please read my comment I posted. I will wait for the wedge breakout.
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nbn007 PRO
6 months ago
the target should be low 30s.
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Bandarsq PRO nbn007
6 months ago
Some supports will be tested. Thanks for sharing.
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tm86hot
6 months ago
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 .
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Bandarsq PRO tm86hot
6 months ago
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.
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tm86hot Bandarsq
6 months ago
your right. i see a spike in volume /i see it like a 3 wave extension in develop .
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nahidik PRO
6 months ago
Could be the start of the slippery slope (pun intended) watch for another short burst up though.
USOil can it grab a bit more?
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Bandarsq PRO nahidik
6 months ago
I think it's heading down now. Thank you for sharing.
+1 Reply
OmarJundi
6 months ago
Looks like wave 5 will be an extended one !
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Bandarsq PRO OmarJundi
6 months ago
not sure about that since it broke the uptrend.
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forexdailysignals Bandarsq
6 months ago
are you in a short on this already?
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Bandarsq PRO forexdailysignals
6 months ago
Yes.
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forexdailysignals Bandarsq
6 months ago
awesome thank you
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avento
6 months ago
Bandarsq, which level could invalidate this idea?
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Bandarsq PRO avento
5 months ago
it's heading down and after all it has to correct.
+1 Reply
mabaert PRO Bandarsq
5 months ago
trying to decide to jump in at market opening now, or will it pull back up a bit first?
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Bandarsq PRO mabaert
5 months ago
You could set your S/R levels and place different positions.
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Nightstar
5 months ago
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..?
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Bandarsq PRO Nightstar
5 months ago
You and I expect a drop to form the right shoulder of the IHS pattern on daily :)
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Nightstar Bandarsq
5 months ago
Yes we are :)
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that weekend candle is the best ! ;)
+1 Reply
Bandarsq PRO Tradesmanship
5 months ago
Cheers! :)
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LegendSum
5 months ago
according to us30 i think 35 is better
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Bandarsq PRO LegendSum
5 months ago
Yes I agree 35 is the main support. In my trading strategy, I tend to exit a bit earlier.
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LegendSum Bandarsq
5 months ago
35 also is head line
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LegendSum
5 months ago
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)
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Bandarsq PRO LegendSum
5 months ago
nice chart.
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f1l1per. PRO
5 months ago
what is your opnion on this count (alternative from yours):

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Bandarsq PRO f1l1per.
5 months ago
Possible if 42 holds.
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Fantastic analysis!
We are almost there.
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Bandarsq PRO chartwatchers
4 months ago
Thanks buddy. Yes very close.
Reply
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