Elliott wave analysis on usoil (2016-07-30)
已更新
Oil started rebounding when it came to the potential reverse zone at Friday.
From elliott wave analysis, the correction wave completed likely.
Break out of the sharp decline channel will confirm the rebound.
Trading suggestion:
Go long when it breaks out of the decline channel with SL at 40.5
TP1: 43.19
TP2: 44.51
TP3: 45.90
No confirmation, no trading!
Good luck for everyone!
From elliott wave analysis, the correction wave completed likely.
Break out of the sharp decline channel will confirm the rebound.
Trading suggestion:
Go long when it breaks out of the decline channel with SL at 40.5
TP1: 43.19
TP2: 44.51
TP3: 45.90
No confirmation, no trading!
Good luck for everyone!
交易开始
注释
Be careful! it might be a false break. I set a tight Stop Loss at 40.5!交易结束：到达止损
Oil is still very bearish. I shorted it again. I am looking forward it going to bottom of the weekly decline channel.注释
注释
Nice rally!
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