Ftradorex

Simple chart analysis for OIL

Long
Ftradorex Updated   
EASYMARKETS:OILUSD   WTI Crude (OIL) / US Dollar
Two E.Wave finished on the uptrend side. ABC finished. Smaller uptrend is forming, similar to eurusd structure. Wating for second ABC finish chart pattern.
  • I put fibonacci on E.W. 0 to 2 peak and chart reachs 300% or higher. Since structure is similar, even if it's small, it should be fine to say it will go up to reach 300% or higher.

Note: Whales will get short now, so it will be safer to go bullish and risk it.
Order cancelled:
Trade active:

First setup plan was perfect predicted. I apoligize for the comment I writed down.

Chart is going bearish for volume correction but on oil it can't be identified where will end the correction.
It's a risky trade but for now it is good.
Comment:
Oh,the C doesn't belong there, sorry. A to B is in process.
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