Short Usoil (Crudeoil wti) for FX:USOIL by Quinkong

trendanalysis harmonicpatterns chartpattern wti wticrudeoil wtishort wtianalysis crudeoil crudeoilshort crudeoilforecast crudeoilprediction crudeoilanalysis

So, I posted a chart this morning and oil has moved further up which is within calculations and if this chart also fails, then I will post my new opinion on Monday. For now, happy trading. My sl is at 64.51 for leg B to C

DISCLAIMER

Please note that this chart is an opinion based chart only. Please trade at your own risk

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bearish deep crab could be in play here which means this trade could still be ok but if we get to 64.67 now, then it's dead. I'm out and waiting for a better entry point

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I have been waiting all morning to update you on my new theory but i didn't want to be hasty with it.

I believe we do indeed have the bearish deep crab as stated 8hrs ago. My short from the top closed exactly at leg C 63.78. There could be further down to go before we go to D.

Now, if you have noticed, my D leg is playing hide & seek and that's because i don't know how to get the chart to adjust it into view but i believe we are going up from here. As soon as i can make an adjusted chart with a target in mind, i will upload an update.

Enter and exit at your own risk

Comment:

I forgot to mention that if bears decide they want to take it to 63.29 which is yesterday's low, then this chart is invalidated and i will update with a new chart. You may or may not want to enter a long and put a SL at 63.19. This is up to you. Enter and exit at your own risk

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click on the above to see my opinion on the direction we may be heading to

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This is also an opinion on what market could currently be doing

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