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Zoen_Trieste

USOIL Lower TF Trend Fading Short Setup

Short
CFDs on WTI Crude Oil (TVC:USOIL)  
Zoen_Trieste Updated   
TVC:USOIL   CFDs on WTI Crude Oil
Trend Analysis Chart Patterns Gann Crude Oil WTI short FORK retracement Andrew's Pitchfork
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trendanalysis chartpattern gann usoil short fork retracement andrewspitchfork
USOIL bears are entering around 0.618 retracement level and potentially could take this down to 0.382. That would be 2x1 Gann line and demand is expected to step in around this level. In order to secure some ticks to reverse long at 0.382 (around 6700-6750), a .5R short setup from here seems reasonable. Buy stops are around 1R levels.
Trade closed: stop reached
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