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ivanov.v.vlad
Nov 5, 2018 10:31 PM

WTI Crude Short to $61 (Wyckoff - EWs) M15 Short

Crude Oil (WTI)FXCM

Description

Crude is on its way to make a spring. The move up touched the .618 fib and went with force down thus crayoning a normal up-move after ST in Phase B. Whilst it is hard to predict the actual location of the spring, one could use two proximate tgts - 100 fib of W1 or .618. Any of them will land crude below 62,2x. There is a high degree of probability that this will end the down-movement however I would say that one would be best to respect Wyckoff entries (one such entry would be @ the test). Good luck.
Shorts from 64 / 63,5 / 63 (those late in the game should be able to enter @ ~ 62,9x.) unloading area - 62,3 (in a contrary order), 62, 61,8.
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