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U.S. DOLLAR / WTI CRUDE OIL
Short
Updated

USDWTI

308
been holding out for the 43 hammer for a while.

Daily close looking for bottom of triangle at 38.7

Longer time frame lower lows at green and pink line.

Oil has the potential to reach back to $60 but not yet. maybe 2021, top prices at 2022 before final plummet
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snapshot

drop working well . I closed my trades after a break break and drop. Possible more downside but range up space also plausible. Waiting to confirm next move - watching closely
Note
snapshot drop well executed. looking for another move up now. Oil near a support bottom - possible more down side at comfortable fib levels. Opening will show ups the way. but the predictions are here
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snapshot
Note
snapshot D wave up was a textbook move. looking to see here if the break was an early bull which will discontinue the corrective triangle or if it wants to break back into form and complete E wave.
UnknownUnicorn705200
Chart PatternsfibonaccianalysisFibonacci ConfluenceFibonacci RetracementHarmonic PatternsOilshortTrend AnalysisUSDWTIWTI

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.
Chart PatternsfibonaccianalysisFibonacci ConfluenceFibonacci RetracementHarmonic PatternsOilshortTrend AnalysisUSDWTIWTI
UnknownUnicorn705200

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.