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USOIL. Blitz. Another Drop To Finish Correction
CFDs on WTI Crude Oil
Short
USOIL. Blitz. Another Drop To Finish Correction
By aibek
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Updated
Feb 9, 2017
1
6
Cheer
Cheer
5
5
Feb 9, 2017
Setup is based on the clone of the left part.
We are in a wave B before another drop down.
Last time price got over 61.8% of wave A in wave B.
So setup is as follows:
Entry short: 53.12 (61.8% Fibonacci)
Stop 54.33 (above the top of A)
Target 50.01 - round number ahead of C=A.
Feb 9, 2017
Trade active
52,85 stop 54.33 take profit 50.01
Feb 10, 2017
Comment
Breaking.
Feb 11, 2017
Comment
Feb 11, 2017
Comment
Take profit moved to 51.25 - above the white rectangle.
Feb 13, 2017
Trade closed manually
Covered here 53.40 as think the model changed
crude
Elliott Wave
Oil
Crude Oil WTI
WTI
aibek
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