yitiancai
Long

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
喜欢谐波,热爱形态的,可以加WX:ysh666001 备注tradingview 谢谢
EN English (UK)
EN English
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
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
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder 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 My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out