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peterdcharlebois

OIL- Will this be a classic reversal pattern?

CFDs on Crude Oil (WTI) (FX:USOIL)  
peterdcharlebois Updated   
FX:USOIL   CFDs on Crude Oil (WTI)
Support and Resistance Parallel Channel Candlestick Analysis
5
1
supportandresistance parallelchannel candlestick
This is what I have been waiting for. An old mentor of mine always said: Let the trade come to you. So... I would like to see this 8 hour candle close with a nice reversal pattern like this and then I will short.
Comment:
Well... Not a clear confirmation. The 8HR candle did not close with a strong downward bias. So... I wait.
snapshot

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