Technician
Short

Oil Completes a Bearish Gartley

FX:USOIL   Crude Oil (WTI)
469 2 8
The price hits the 78.6 retracement level for the major bearish wave from 105.19 to 97.34 forming a Gartley pattern . Some hesitation is also seen at the potential reversal zone of the pattern. Supply data showed surplus in crude oil             inventories. I am already in this trade.

Good Luck, Join me @:
https://twitter.com/thefxchannel
http://thefxchannel.com
My trading ideas channel https://telegram.me/technician_forex_trades

Get your gift : https://thefxchannel.com

Skype: Technician - The forex channel
very nice coment ..thanks
Reply
Yesterday I was cleaning cash of TV of old harmonic patterns graphics spanning up to the year backward or so.

Almost none of them worked in the classical sense for WTI -- I mean reversals at the appropriate Fib numbers.

Even more -- I didn't see any predictability, maybe except plain AB=CD.

I think that WTI is not a harmonic object, and one needs to find the other ways of analyzing it.
Reply
United States
United Kingdom
India
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
日本
한국
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out