Elliott wave analysis on usoil (2016-07-30)
Обновлено
Oil started rebounding when it came to the potential reverse zone at Friday.
From elliott wave analysis, the correction wave completed likely.
Break out of the sharp decline channel will confirm the rebound.
Trading suggestion:
Go long when it breaks out of the decline channel with SL at 40.5
TP1: 43.19
TP2: 44.51
TP3: 45.90
No confirmation, no trading!
Good luck for everyone!
From elliott wave analysis, the correction wave completed likely.
Break out of the sharp decline channel will confirm the rebound.
Trading suggestion:
Go long when it breaks out of the decline channel with SL at 40.5
TP1: 43.19
TP2: 44.51
TP3: 45.90
No confirmation, no trading!
Good luck for everyone!
Сделка активна
Заметка
Be careful! it might be a false break. I set a tight Stop Loss at 40.5!Сделка закрыта: достигнута стоп-лосс цена
Oil is still very bearish. I shorted it again. I am looking forward it going to bottom of the weekly decline channel.Сделка активна
tradingview.com/chart/jHqp4dh0/Заметка
Заметка
Nice rally!
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