andreirx
Short

WTI Fibonacci retracement

FX:USOIL   Crude Oil (WTI)
107 1 2
7 months ago
What I'm seeing here is a possible short term retracement to $44.

Similar retracement to 0.618 happened at the end of March, after volume divergence.

Volume divergence ongoing now.

There seems to be solid resistance around $50.
7 months ago
Comment: A few scary days have passed, since I had already initiated a SHORT position. Now let's see how far down it goes
purpurato59 PRO
7 months ago
Agree, but the fibs are upside down, it's a 0,382 retracement :)
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