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Yuriy_Bishko

OIL, Can continue up move

Long
West Texas Oil (OANDA:WTICOUSD)  
Yuriy_Bishko Updated   
OANDA:WTICOUSD   West Texas Oil
Trend Analysis Chart Patterns Wave Analysis Crude Oil WTI Oil oiltrading WTI wticrude wtioil Forex
36
1
trendanalysis chartpattern waveanalysis usoil oil oiltrading wti wticrude wtioil forex
I think that OIL can move up because:

1. Every low is higher (good techical signal)
2. Price broke up a key level $53.30 and closed above
3. Middle - term trend is up.
4. Head and Shoulders pattern
Comment:
1-hour chart view
Price is so close to a Buy zone
snapshot
Comment:
Price is near key level, wait on confirmation
Comment:
I wait on 4hours candle confirmation

Only if it will close above key level, that will be buy signal
Trade closed manually:
4-hour candle close under key level. I didn't open entry because the price didn't confirm it.
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