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TeropongBursa

OIL POTENTIAL SHORT AT PEAK OF WAVE 5

Short
CFDs on Crude Oil (WTI) (FX:USOIL)  
TeropongBursa Updated   
FX:USOIL   CFDs on Crude Oil (WTI)
Trend Analysis Wave Analysis teropongbursa
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trendanalysis waveanalysis teropongbursa
OIL has reached weekly high of around $75 at 1.382 fibonacci projection for on wave 5. Potentially a reversal point as the developing weekly candle also looks like a Doji. Potential entry point for short. Correction ABC is expected when the price reverses.
Comment:
previous idea
WTI Crude Oil
Comment:
this weekly chart still holds. price at support level, which is expected to break to form correction leg A

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