Crude Oil High Probability Sell Setup

FX:USOIL   CFDs on Crude Oil (WTI)
In my previous post on usoil             , we had a bearish gartley pattern, which didn't work well (see link below). I was still waiting for oil             to retrace, and we now have a much better setup to get involved with. Price broke below a rising wedge pattern after being rejected from a key zone formed at the upper bond of the pattern with MACD divergence showing that this uptrend has no more power to continue it climb.

We should now wait for a small retrace (correction), watch for a sell setup to complete and sell crude oil             .
I agree with your view.
Thank you..
Hi. Great chart. I think that the sell will go to TP of 42 and then 36. Do you agree?
Fxprotrader EricDelacrausaz
Thank you for your kinds words.. 42 and 38 are better choices if you look at previous structure.
Yep. Right now it looks like the correction was very small and it is starting to dive. I am thinking to jump in now but not sure about it yet.
Waiting for price retesting around 50.50, hopefully.
Agree. I'm looking for a retest of the 50's before a H&S pattern completion. Thanks
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