KVE
Short

Crude OIL: Bearish butterfly at trendline? Combined gameplan!

FX:USOIL   Crude Oil (WTI)
518 0 9
Currently looking for a breakout trade to get long to possibly fill this butterfly .

The possible butterfly in confluence with a bounce off the trendline good be a good short opportunity to re-test former lows.

If we ever get back to those lower regions I will look for a possible reversal at possible support of a Quasimodo pattern which might be a good opportunity to get long for the long run (first target in the 50 region)!

Possible combined game-plan for the coming period: short-term long (days) into midterm short (weeks) into longterm long (months)...
Comment: Long breakout, was a success, getting close to the butterfly now... Possible wedge forming... Getting ready for the short...
Comment: Wedge / leading diagonal to end wave 1? Close to the butterfly and trendline though, so maybe one more push up...?
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