WTI As per Elliot Wave correction in Wave Y- Sale from 62.152 till 56.480 SL-64.6- Swing long
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WTI As per Elliot Wave correction in Wave Y- Sale from 62.152 till 56.480 SL-64.6- Swing long
USOIL will probably continue its decline tomorrow. We are still holding with first tp at $57.16 - $54
USOIL Guys, so any anaylsis for tomorrows opening?USOIL Any news on Russian sactions could take this above 65 next week. The EIA news seems to be to support Trump to keep the prices down.
And if Europe decide on secondary sanctions on China and India, then oil will come down drasctically too.
So a crucial week ahead with expiry in Indian MCX market.
Fingers crossed for a move up.
USOIL looks like a rebound to 63.3+ will happen before going down again.
USOIL wavecount.actual 4th wave building a triangle. guess we breakout to the downside, getting our last pump down as wave 5.
USOIL tradingview.com/x/cmyfCmrjKey Areas on the Chart
ENTER LAYER (Blue Box at 62.83)
This is the potential sell entry zone.
Price is expected to retrace back to this zone, then reverse downwards.
It aligns with a Fibonacci level (0.8756 retracement) and prior resistance area.
STOP TRADE AREA (Above 62.83)
If price moves above this zone, the setup is invalidated.
Traders would exit their short positions here to limit loss.
TARGET POINT FIRST (~62.40)
First take profit zone.
This is a short-term support level where price might pause or bounceTARGET POINT 2ND (~62.00)
The second take profit zone.
A deeper support level, representing more profit if the downtrend continues.
LAST TARGET POINT (~61.60)
Final take profit level for this setup.
This might be a stronger historical support or completion of the pattern (like the end of a harmonic leg).
USOIL free 20 pips? as a last happy weekend call
USOIL pullback, did the Retest of the Triangle, perfect reaction here. and down we go. hope you guys are in <3
USOIL Book profit here and exit .👍