FX:USOIL   CFDs on Crude Oil (WTI)
253 3 6
Price is clearly finishing the 4th waves and going for the 5th wave.
after completing the 5th wave, in Daily timeframe the price will formed 3rd impulse wave, around level $50.00
we can clearly see there is an AB=CD pattern inside the 4 hour chart time frame.

So once H4 Chart AB=CD pattern formed, we will start looking for short position to $44.00 - $42.00 range to complete the 4th corrective wave structure.
Once the 4th wave finished at $44.00 - $42.00, we will start taking long position to complete the 5th impulse wave, upside target $60.00
Trade active: Breakout confirmed, Long position activate

Today oil reached 48.00, pullback will occur. then continue corrective wave
It seems like you are right, great analysis! Do you intend to take profit at next resistance or hold it?
emiltw leeeon
Hi, I will take profit at the end of wave 5. then wait a sell breakout to short the corrective wave
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out