Trend changes in USOIL for long term:wait for the better price

FX:USOIL   CFDs on Crude Oil (WTI)
A huge head and shoulder bottom is formed from 2015-2017. Now oil price moves up and breaks the neckline. It means that if the pattern is not breaked, the oil will have a bullish way to go. A lot of institution expect OPEC meeting in Nov will extend the expiry data of arrangement;Saudi anti-corruption operation;----all of this contributes to oil price action now.

I am waiting for the long oppournity, I hope the price can pull back to the neckline. For the target, I won't expect oil can reach 85 USD. I draw a potential butterfly , B point is 78.6% retracement of XA leg. The the final potential reverse zone is expected to be the 1.272*XA and 2.618*BC. Watch the price action around 70, it's a support&resistance area from 2010-2012. This is my target

I am not using harmonic pattern to trade in this chart, I am using it to find the target area of bullish trend . I trade oil by head and shoulder bottom in this time

Thanks and good luck
教学群:高级版700/月 初级班400/月
歡迎關注公眾號:波浪行者 OpenWaves 不薦股謝謝!
視頻專區:youku youtube 騰訊視頻---斐波那契演繹法
EN English (UK)
EN English
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Send feedback Ideas Published Followers Following Private Messages Chat Sign Out