US OIL (WTi): Potential AB-CD in development

FX:USOIL   CFDs on Crude Oil (WTI)
2413 8 57

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Comment: NOTE STRATEGY: Before entering, look for reversal pattern on smaller TF (H4 or H1). Only our opinion
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Excellent analysis as always sir! I do believe that there will be a great deal of downward pressure on prices this week up to the final rate hike decision. I'm looking for 31.7-32.2 level. Just low enough to squeeze those looking for long positions and low enough to intimidate the bearish crowd. Following this week, I believe a process takes place to create stronger resistance at the 38 level and we see low 20's within 6 months. Good trading to you!
+1 Reply
SignalSwiss smitheric1970
Hi Eric! thanks for your comment, you know that is very appreciated.... :) So I agree with you, but the "call" 127/162, has already been processed, so you can expect a rebound from this area. That said, we have no crystal ball, but we have a much more powerful: the stop-loss .:) :) In the chart, we have preferred clear that it is a "setup speculative", so with reduced size. Eric, thank you again for your post!
I totally agree with the bullishness of this pair, but I do not understand your AB=CD chart, it doesn't actually look like AB leg is at least equal CD leg,,. However, on 4H TF, there is a perfect Three drives pattern that was triggered at a major structure level and around round number 35. For me that was the trigger to enter long on this one.
+1 Reply
looks like it'll continue going south without any correction, I'd be very cautions buying
+1 Reply
did you try to long between 34.84-35.53?
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sorry for my later Rayge!!! yes, it's our focus area.....
You've had some excellent analysis.

What do you mean by 50% size reduce?
+1 Reply
Hi Lanmar, when you put the values in your Money Management, the result (size) must be reduced by 40%
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