dojitrader
Long

3 Drive Might Singe The Bears And Then Take Off . . . ???

FX:USOIL   CFDs on Crude Oil (WTI)
452 3 6
So, if this is a valid 3 Drive I would be expecting a drop and pop
reversal in the candlesticks - maybe a hammer ? or Bullish engulfing ?
This should trigger an entry with small stops to lower risk.
Without this I'll probably stand aside and not try to catch a falling knife.
BUY SIGNAL WILL GENRATE WITH REACH 38 ONLY.
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fake Buy signal dear
Reply
There's also the possibility of an EWave Ending Diagonal, but,
It seems questionable without the 3-3-3-3-3 clear subdivision of
each wave into 3 waves of it's own.
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