Gartley Short on US OIL

Nov 21, 2014

I don't often look at USOIL but one of my live room members loves to trade it and brought it to my attention this morning. Originally there was a bearish bat pattern that completed at an excellent level of structure (looking at the bigger picture). That level has since been broken and although the trade may not have hit a traders stops yet,it's never too soon to start thinking about the next potential opportunity to get involved.

In this case it's another advanced pattern in the form of a bearish gartley that completes at structure and ratio confluence from the bigger moves.

youtube.com/watch?v=fZBkVGDB9Oc&list=UUVveEks3MWZqOsvzTF_LGQg