DAVID_GIRALDO

oil wave analysis

TVC:USOIL   WTI CRUDE OIL
215 0 8
2 months ago
us oil             is currently trading within a big daily chart correction
snapshot

market is making a double three pattern and we are currently finishing up the Y leg before another bull impulse begins so once pattern is ending, i will be buying counter trendline bullish breakouts, but for now we can trade intraday sell setups with caution as all this is still corrective structure.
it is possible that we get a harmonic pattern setup somewhere so we could watch for that as well.
overall ill be looking to sell oil             for the week until it indicates a reversal back into a bullish trend .
be careful not getting your sells caught in a triangle and be careful with buys down the road, as there is a slight chance this could turn into an even more extended triple three pattern.
2 months ago
Comment: at support...
2 months ago
Comment: price broke. i believe we are on the 3rd subwave... you can confirm yourself as i am not trading oil at the moment.
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