US Oil: Possible short term course.

FX:USOIL   CFDs on Crude Oil (WTI)
202 0 5
The entire price action the last 3 days looks like a 5 wave up pattern.(see 15 min chart) This usually is followed by another 5 wave up pattern after a correction. The corrections can be complex (such as a 5 wave triangle) or simple (such as an a-b-c)). After that I would not be surprised to see another 5 wave move up to a new short high, perhaps to the 35-36 level. If it would go much higher then it could be part of a more extensive 3 wave. Obviously if the "correction" goes below the recent low this concept is wrong.

Take care. Goodguy
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
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
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder 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 My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out