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richard363
Jun 9, 2016 8:40 AM

usoil 

Crude Oil (WTI)FXCM

Description

think with me. uproom is over right??

1618 check
5 wave ending diag. check

following would be a big ass drop.

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be careful. bullish div. watch close of daily candle.

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wait for a break down. not shorting atm if you want to go in, not a good moment.

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short update..

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sorry this:


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so no hs apparantly haha;D

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close position
Comments
sketchmaster
where is our correction, god damn it! :)))
sketchmaster
...so...we wanna se a correction back to 51.90 right? But if this is a corrective phase of A wave, we shoul se a pullback to 49.50-50.00 as a second wave of A...?
richard363
hi, could be, but i dont expect that. see chart above:)
sketchmaster
yeah I see, head and shoulders... :)
richard363
nice reaction now:)
sketchmaster
Yep, the Crude Oil Inventories came out in smaller negative...and actually, the 61.8 fibs are now at the same level as your right shoulder, so that might really be the right selling point...
richard363
jep, certainly a potential entry level. With all that brexit shit going on, its better to focus a bit on the commodities:)
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