TradingView
RyanGillespie
Aug 27, 2018 2:31 PM

WW Forming Possible Long and Short instraday trade oportunities. Short

Crude Oil (WTI)FXCM

Description

Long Counter Trend Trade due to dominant WW with long term short bias. Watch for W4 to reach 61.8% fib ratio of w3 to 2. Look to go long with target to complete at 145% fib

Short Trade confirmed short bias by dominant WW on daily chart. W5 completion point of entry forecast between 71.20 and 71.60 with a target of 67.00 and a stop at 72.40 which is 161.8% fib of w3 to 2. (R/R) 5.98

Trade active

Short to target $66
More