therancher

Short Crude, Hybrid Analysis Charting

Short
therancher Updated   
TVC:USOIL   CFDs on WTI Crude Oil
In this chart I have integrated a few different ideas, theory, and concepts and a consistent pattern is present. Whether It aligns with future price action we shall see. My PT is 51.80's for a short with a tight stop at 51.20. If this is in deed the top my analysis is indicating a 4%-5% return on the drop and a 7%-12% return on the upswing. I actually think there is something here and will try to actively update and follow as time permits. Remember this is an opinion and as a responsible investor/trader you must put in work as well. Have a good one.
Comment:
I have updated this chart. I believe this still does reflect the trend in the coming days, but I cleaned it up a bit and saw that a few things different.
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