Just check the light blue pattern coincide with the uptrend channel support. It might be a good idea to long USOIL around 39~39.5
Note
It seems price did not come to 39. But it really hits our other harmonic pattern. Any red line on my chart is a potential entry point. Seems long trade get a hug profit from 42.87. Now is almost 49. Around 600 pips.
Trade closed: target reached
We longed from 42.87, which is the D of green harmonic pattern. I closed my trade on 50.00. 720 pips earned. At the same time, I short around 50 which I highlight in my latest USOIL idea and already take some profit.(50 to 47.8 another 220 pips and I took partial profit.)
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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.