VasilyPonomarev
Long

oil clear bullish???

FX:USOIL   Crude Oil (WTI)
233 6 11
snapshot
Comment: Double top(:
Comment: T1 almost reached
what double top?
+1 Reply
Local double top formation
Hourly tf
Reply
not sure...its in a bigger triangle still
+1 Reply


I think there are still some bears alive...
+1 Reply
VasilyPonomarev captain_smollett
Might be
Do u check the fundamentals?
Guess it is bullish
Reply
captain_smollett PRO VasilyPonomarev
Nope, just charts. In my opinion, on fundamentals oil should have already been at 10 per barrel =)

If my understanding is correct, I posted is a contracting triangle correction as shown on EW: http://www.elliottwave.net/educational/basictenets/basics3.htm

Therefore, we still have to complete Wave E before we fly up
+1 Reply
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