FX:USOIL   CFDs on Crude Oil (WTI)
4
In this chart, I am examining the price action of crude. First we have a bullish harmonic that is not defined. I have added a Fib retrace from point a to d of this harmonic . Next , a bullish wave following the harmonic that terminates at .236 ext. of the fib. Price of crude then falls. Pausing briefly at the uptrend line and eventually breaks that trend line. Price continues to fall until 1.13 fib . At this time, a bullish retest of the trend line begins . The retest eventually fails at point c of a harmonic ab=cd pattern that is now in progress. Where it ends is anyones guess as there is a wide range of acceptable end points. I have it at the lower trend line but will be watching.

I know not the pain one has endured to believe strapping a bomb to oneself is the answer but i pray the grudges of this world someday end. .
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.