A bearish bat pattern+W5 to be confirmed to short OIL Viés de baixa

Crude Oil (WTI)FXCM

Descrição

⋅ 21 de Mai de 2016 16:57

Watch the trend line to be break out or hold.

Resistance 49.3
Support 47.5, 46.5
target 46.5, 45,43.5, 41

⋅ 21 de Mai de 2016 16:58

I've already shorted at $49.1

⋅ 23 de Mai de 2016 14:21

I've made some hedging at 47.5, in order to protect the profit.
Bounce target at 48.5, max 48.88

Comentários

PhamPhan

⋅ 24 de Mai de 2016 08:45

tst

⋅ 23 de Mai de 2016 14:30

Im new at elliot wave so... but im looking price moving higher on the lower time frame that will create a small over shoot wave 5.

faylee

⋅ 23 de Mai de 2016 16:18

Sorry, I amnot very agree with the wave counting on your chart
I think it's a confusion of the wave degree.

tst

⋅ 23 de Mai de 2016 20:54

yeah i haven't labeled as per degree..

Ahmed_bunah2

⋅ 23 de Mai de 2016 14:29

good job

UnknownUnicorn488556

⋅ 23 de Mai de 2016 13:25

Good plan~thank u.

faylee

⋅ 23 de Mai de 2016 16:19

Thank you:)

PhamPhan

⋅ 22 de Mai de 2016 13:15

Pattern AB=CD complete. Thank you very much
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faylee

⋅ 23 de Mai de 2016 16:19

Yes, it's ABCD pattern.

Wave-Trader

⋅ 21 de Mai de 2016 17:24

here is my thought and i am still expecting wave down.