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VladimirRibakov

Oil Forecast

Short
CFDs on WTI Crude Oil (TVC:USOIL)  
VladimirRibakov  
TVC:USOIL   CFDs on WTI Crude Oil
Trend Analysis Multiple Time Frame Analysis Wave Analysis Oil forecast SELL Bearish Patterns bearishdivergence Support and Resistance correction bearishtrendpattern doublewave
21
10
trendanalysis mtfa waveanalysis oil forecast sell bearish bearishdivergence supportandresistance correction bearishtrendpattern doublewave
D1 - Price reached a key resistance zone formed by the 161.8% (38.16) fibonacci expansion level of the first wave and the 61.8% (45.28) fibonacci expansion level of the second wave. Bearish divergence.

Expecting corrections to happen now.

H4 - Bearish trend pattern followed by a double wave correction.

Expecting the price to continue lower further.
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