USOIL rising wedge breakdown

Crude Oil (WTI)FXCM

Description

⋅ Apr 24, 2020 9:42 AM

Hi all,
just had my morning coffee and took a look at USOIL.
Looks like it break down from a rising wedge I draw I n the picture.
More likely to go down more.

No trading advice. This is just my morning coffee routine look:D
Have a great day.
Trade at your own risk.

Trade closed manually

⋅ Apr 24, 2020 3:43 PM

Producing higher lows. This is too risky right now. Lets see what the next movement will be

Comment

⋅ Apr 28, 2020 7:48 AM

For those who traded anyway:

TP1: 14, reached
TP2: 12, reached
TP3: 10, reached
TP4: 8

Trade closed: target reached

⋅ May 23, 2020 10:59 AM

Needs a new chart. We reached 3 of 4 Targets. Thats great.
Follow me for new Content.
We already have some Trades with over 50% and going.

I weekly share new ones.

Comments

DigitalAjit

⋅ Apr 24, 2020 10:04 AM

as per your idea what is low target and what is high taraget

OliverTA

⋅ Apr 24, 2020 10:18 AM

@DigitalAjit, Hi. after a drop to 0 and another drop to 6.5 I expect another higher low. If Volume is not rising I expect a small drop to 10-14. BUT conditions can change very fast here.