goodguy
Long

Correction of yesterdays post on oil

FX:USOIL   CFDs on Crude Oil (WTI)
117 0 3
I did yesterdays post late last night when I was tired. In reviewing it this morning I realize I I did the triangle incorrectly. Above is the way I have been counting it on earlier posts the last couple of months and I believe is more correct. With today's drop c= 1.6 x a and the price level approximates the possible right shoulder. We will see what happens tomorrow. If we get a long bullish candle or a gap up with trend line break if will support than this analysis is correct.
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