zhipengcfel

Elliott wave analysis on usoil (2016-08-19)

zhipengcfel 已更新   
NYMEX:CL1!   轻质原油期货
Oil might be in wave 4 correction now. Because wave 2 is a sharp correction, wave 4 is more likely a consolidation. No need to trade this wave.

The target of this correction might go to 46.9 (largest it can go and it might not touch) which is a good position I will join the long again.

Wait patiently for the correction to finish and join the bull trend again. For mid-long term please refer to this chart.

Good luck for everyone!
评论:
The momentum of bear is much larger than I expected. USOIL might undergo a deep correction. Be patient.
交易开始:
Nice rally. I went long with SL at 46.5.
评论:
It got supported from the rising channel.
评论:
Bearish EIA data. I closed the position.
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