USOIL-H4 short term and long term targets
Updated
Lets combine Elliot Wave and technival analysis. According to D1 chart price is bouncing from a long term S/R and neckline (triple top):
We see also a previous WXY structure already completed.
Here on H4 chart:
- 0.61 fib retracement
- first convergence
- trendline (channel) broken and retested
- H1 expanded flat
Thats all, entry point and targets are shown on chart.
Best regards
We see also a previous WXY structure already completed.
Here on H4 chart:
- 0.61 fib retracement
- first convergence
- trendline (channel) broken and retested
- H1 expanded flat
Thats all, entry point and targets are shown on chart.
Best regards
Trade active
Trade still active SL almost reached, i think setup is still bearishTrade closed: stop reached
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