Oil completed an AB=CD harmonic pattern at PRZ (Counter trend! )

Oct 29, 2017

Oil just completed an AB=CD move at a very important PRZ. WE do have bearish divergence on the RSI already and i am expecting a possible reversal at this level. Look for clear bearish evidence since it is a counter trend trade

Oct 30, 2017

Note

Strong rejection and bearish divergence on 1H!

Oct 31, 2017

Note

Idea still valid but no good signal yet, Oil inventory tomorrow!

Nov 1, 2017

Note

Looking good if this daily candle close like this, then we may get much more down on this trade!

Nov 3, 2017

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If this last lower high got confirmed then we still looking good here.

Nov 3, 2017

Note

Oil broke new highs as oil rigs count continue to decline.
Ida invalidated.