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zorrays
May 12, 2019 11:04 PM

US OIL - SHORT - WEDGE + TRIANGLE PATTERN Short

WTI CRUDE OILTVC

Description

I am short bias with US OIL based on the following reason.

1, Bearish impulse resulted with a very long correction which formed a wedge pattern
2, Wedge pattern broke with an impulse and we now have a triangle pattern

Targets are based on Fibonacci retracement over the huge impulse we had between October to December.

Comment

TP 1 Hit

Trade closed: target reached

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