oil clear bullish??? Long

FX:USOIL60

Crude Oil (WTI)FXCM

Description

⋅ Sep 29, 2016 8:34 AM

Comment

⋅ Sep 29, 2016 3:20 PM

Double top(:

Comment

⋅ Oct 3, 2016 6:02 AM

T1 almost reached

Comments

Satoshi23

⋅ Sep 29, 2016 3:21 PM

what double top?

VasilyTrader

⋅ Sep 29, 2016 6:52 PM

Local double top formation
Hourly tf

Trendhopper

⋅ Sep 29, 2016 8:38 AM

not sure...its in a bigger triangle still

captain_smollett

⋅ Sep 29, 2016 8:37 AM

I think there are still some bears alive...

VasilyTrader

⋅ Sep 29, 2016 6:51 PM

Might be
Do u check the fundamentals?
Guess it is bullish

captain_smollett

⋅ Sep 29, 2016 7:43 PM

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: elliottwave.net/educational/basictenets/basics3.htm

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