USOIL-H4 short term and long term targets

FullTimeTrader Updated   
TVC:USOIL   CFDs on WTI Crude Oil
Lets combine Elliot Wave and technival analysis. According to D1 chart price is bouncing from a long term S/R and neckline (triple top):
We see also a previous WXY structure already completed.
Here on H4 chart:
- 0.61 fib retracement
- first convergence
- trendline (channel) broken and retested
- H1 expanded flat
Thats all, entry point and targets are shown on chart.
Best regards

Trade active:
Trade still active SL almost reached, i think setup is still bearish
Trade closed: stop reached


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