WTI forming the 4th leg of a terminal
There is some reason to backup the idea that WTI is forming the 4th leg of a terminal pattern:
1. The current drop cannot exceed 55.05, otherwise the idea failed;
2. The minumum drop length is met, yet the time not;
3. After the 4th leg finished, the dotted trendline can be put at a right place;
4. The 5th will be violent, at least the length of the blue rectangle;
5. Wait for chance to close the current short position now and enter a long one next 10 days;
1. The current drop cannot exceed 55.05, otherwise the idea failed;
2. The minumum drop length is met, yet the time not;
3. After the 4th leg finished, the dotted trendline can be put at a right place;
4. The 5th will be violent, at least the length of the blue rectangle;
5. Wait for chance to close the current short position now and enter a long one next 10 days;
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.
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.