Get started
PA-FX

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

Short
CFDs on Crude Oil (WTI) (FX:USOIL)  
PA-FX Updated   
FX:USOIL   CFDs on Crude Oil (WTI)
Trend Analysis Harmonic Patterns
18
4
trendanalysis harmonicpatterns
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
Comment:
Strong rejection and bearish divergence on 1H!

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

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

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

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

snapshot
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.