Wolfe Wave setup on $USOIL points to lower prices ahead

FX:USOIL   CFDs on Crude Oil (WTI)
While Oil             has made a short term recovery from recent lows around 26.00, a classic Wolfe Wave pattern is forming pointing to possible exhaustion and a drop lower later in the week into next. If Oil             shifts above 35.50 it is time to watch for signs of weakness with defined resistance at 36.20 offering nice point to accumulate short entries.

Wolfe waves will typically run a complete 3 to 5 wave pattern down, so we could be looking for prices back below 30 in coming weeks.
now crude trend buy or sell
IamAdamJowett ravichandren
trend intra-week is still up, but the longer term trend of course is down so it depends on the context and holding period. For me I remained sidelined until the triangle area and then will be looking to short if price hints at weakness.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out