Get started
UnknownUnicorn3865496

OIL : Trend Following Trade

Short
West Texas Oil (OANDA:WTICOUSD)  
UnknownUnicorn3865496 Updated   
OANDA:WTICOUSD   West Texas Oil
Trend Analysis Chart Patterns Wave Analysis
2
1
trendanalysis chartpattern waveanalysis
Hello Traders,

I'll be ready for a reversal setup on Oil market,
The current structure is not showing more potential buy setup to the upside b/c the previous trend is still in force.

Trade with care,

Best Regards.
Comment:
Comment:
**Possible setup

snapshot
Comment:
Comment:
Oil price is keep pushing for upside for the short term.
snapshot
Comment:
Comment:
Strong sell comed on the market after a twitt from Trump " Oil prices getting too high. OPEC, please relax and take it easy. World cannot take a price hike - fragile!"

snapshot
Comment:
The setup is not invalidated,
This wedge will break down.
Comment:

Related Ideas

UnknownUnicorn3865496
FOREX : AUDUSD watch for break down
UnknownUnicorn3865496
FOREX : Watch for break down on UJ
UnknownUnicorn3865496
Head & Shoulders on Oil
UnknownUnicorn3865496
WTI : Long on oil will be the best bet during 2019
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.