An update to this idea with the channel and the potential triangle added > Other parts of the idea below:
Update to recent ideas: Could be in a triangle (ABCDE) or regular correction (ABC) for wave 4 before the 5th and final wave, possibly a similar pattern to before >
I Donno If am Right But This Signals Me SHORT With an SL 53.80 ( or ) Wait Near 53.80 For Selling
Update to this idea > Possibly in wave C of 4
Update to a few recent ideas: Oil may still be in wave 4 and beyond the .236 retracement level but heading towards the .382 level at $55,67; there appears to be a channel down also where wave 4 could terminate before the 5th and final wave below $50.
Update to a few recent ideas: Smaller timeframe > Larger timeframe > Wave 3 could be at, or near an end now with an extended wave 5 (white) of 3 (yellow) hitting 1.414 extension; If wave 3 is over then wave 4 may follow to the .236 level before the 5th and final wave below $50.
Crude Oil D1 Setup Wait For Retest and continue falling we recomend Sell From Selling Zone . we expecting big sell
Update to a couple of recent theories: Could be nearing the end of wave 3 now as the 1.618 extension approaches. May see some sideways action for wave 4 followed by the 5th and final bearish wave towards $47-$50
Update to this idea > Looks like wave 2 (or B) has completed now in the start of either wave 3 or wave C. If wave C of correction then may bounce and a new high from the 57$ level. If wave 3 then the 1.618 extension is at 53$. I prefer the 5 wave impulse move as it fits my larger timeframe view here >
Update to these ideas: Possibly in the impulsive waves down now, wave 2 up to 64XX then down for impulse wave 3
Slight variation on this smaller timeframe count > Looks like the 5 waves down are complete followed by a rise in price to 0.5 level, before a sell off. Could be wave 2 or B complete which fits with this larger timeframe count >
Oil might be in a triangle for wave 4 (white), break out downwards might occur if it is wave 4, possibly hitting one of the extensions around 58/59/60, depending where wave E of 4 ends.
After nice move down from nice resistance zone what i predicted the last week is nice to see 3 x volume clusters. Where is pretty good point for intraday short trade. 1. Trend down with strong volume cluster is for me good point for short trade. Happy trading Dale
As a part of our strategy we hedged our oil positions. Our target for our hedged position is the yellow zone and we will add to our hedge if it breaks above the orange zone. TVC:USOIL
Crude Oil is at a crucial point with price action reaching the yellow 70.8 Fib level zone which is a major weekly resistance. Here we are looking for a pullback in price action. The prior analysis with the AB=CD harmonic pattern is also still in play as a part of the strategy. TVC:USOIL
We are currently trading the 4th leg of the Gartley pattern that is forming on the 1 hr chart. We are predicting the Harmonic pattern will be completed and our take profit set at the green zone (63.15). TVC:USOIL
SUMMA I JUST TRIED DONT TRUST THIS IM JUST LEARNING