tntsunrise
Long

USOIL THREE DRIVE PATTERN COMPLETED!

FX:USOIL   CFDs on Crude Oil (WTI)
2589 9 43
As I mention :
USOIL             THREE DRIVE PATTERN GOING TO BE COMPLETED
The level is:
36.81!
SL: BELOW 36.40
Trade 2% Risk per time!
Trade active: I bought at 36.80,now is 38.26.
So powerful of this Range bound and Three Drive !
Close Half position, win 140 points
Comment: Nice Reversal! now is 38. we can see a Morning Star Pattern in the 4H CHART.
Continue hold my long position!
Comment: After the Asian Session , the Price Hold above 37.50 nicely. which confirms a false break out for yesterday's drop.
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http://www.harmonicasia.com/index/course.html
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What is happening with oil?
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With EIA Crude Oil Stocks change being at -3.568M isnt this supposed to increase the price of oil?
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tntsunrise teddyrucks
it did shoots up. but a lot of people are still selling it. so it comes down
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teddyrucks tntsunrise
Does that mean, it will go back up or should I close my trade, and to TP and wait for a better price?
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teddyrucks teddyrucks
From my understanding with a lower supply, there will be more oil being bought no?
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TP?
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tntsunrise peterleem
No need set right now.
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Pennington1 tntsunrise
is this strictly a short term play? oil headed lower eventually?
Reply
tntsunrise Pennington1
Chances that we have captured a really low pivot point!
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