Get started
dsbw99

UKOIL - Short

Short
CFDs on Brent Crude Oil (TVC:UKOIL)  
dsbw99  
TVC:UKOIL   CFDs on Brent Crude Oil
Harmonic Patterns Chart Patterns Wave Analysis Crude Oil Brent Oil crash swingtrading
7
0
harmonicpatterns chartpattern waveanalysis ukoil oil crash swingtrading
Oil will probably crash for whatever fundamental reason, in the coming years

Technical perspective:
Visible Leading Diagonal, implying that the impulse is towards the downside - as long as the invalidation is respected

Diagonal would be Wave A, and Elliott Wave's basic retracement is A-B-C
Hence, we should be anticipating a Wave C downwards soon
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.