Double Bottom Oversold with Bullish Div // Harmonic // IF=THEN ®

FX:USOIL   CFDs on Crude Oil (WTI)

Oversold with bullish RSI divergence on 1h, 2h and 4h charts, i can expect a retracement to previous structure support now resistance @36.61;

But there's a double bottom @34.61, this last bottom must close above this price to validate.

Where's a double top/bottom, there's a neck, there's a "V" shape also, and so, IF the price breaks the Neck and find resistance synced with previous structure @39.86 it will, eventually, forge a 2618 trade setup:

double bottom followed by a 61.8% retracement , target an AB=CD basic pattern... eventual a 261% extension from bottom to neck movement ;) - Buy the 61.8% retracement ...

Major Bearish Gartley Pattern at the end of all this eventual process..., Short it when completed:

Point B:
61.8% can not touch 78.6% XA
Point C:
38.2% to 88.6% AB
Point D:
78.6% XA
127% ext AB
TP1 38.2% AD
TP2 61.8% AD

Safe trades;

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
HE עברית
Home Stock Screener Forex Screener Crypto Screener 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 Send feedback Ideas Published Followers Following Private Messages Chat Sign Out