# USDWTI (Oil)

FX_IDC:USDWTI   U.S. DOLLAR / WTI CRUDE OIL
737浏览
737
First we got a pretty good resistance with a double top , which means we have a possible 2618 trade:
- double top
- measure impulse
- wait for retracement at 0.618
Double top + 0.618 = 2618 technique
I measured bearish impulse so I could confirm areas with some Support & Resistance and we can see how each pattern or consolidation was formed around those areas, even fibonacci retracements respect those areas.
Also used some Support & Resistance on MACD to confirm divergence.

BAT PATTERN
-Left Leg
At first there's an ABCs formation right at where bearish Bat Pattern began, we can see how it went bearish forming an Elliott Impulse with 5 clear points and each consolidation that was formed respected fibonacci retracements.
-Right Leg
After an Elliott Impulse there's always some type of consolidation, which is exactly what we got with that double floor at the bottom, right after that retest it formed a pullback that I measured with Trend-Based Fib Extension, we can se how 1.618 - 1.414 area is exactly around bearish area.
We got 0.886 -0.786 area from Bat Pattern , 1.618 - 1.414 area from Trend-Based Fib Extension and 0.618 from 2618 technique all at the same area!!!

MACD respected each retracement

I measured impulse by placing 0.236 at top of consolidation and we can see how point C bounced at 0.618
Trend-Based Fib Extension shows 1.27 exactly at 0.886 from Bat Pattern

-double floor
-measure impulse
-wait for retracement at 0.618
Double Floor + 0.618 = 2618 technique

We can see how there are 5 clear points inside impulse, which gave us our resitance at top where 1.618 is, also Ending Diagonal completion at 0.786

Bat Pattern has been completed

I measured impulse by placing 0.236 at top and got 0.618 at the bottome where it bounced, I expect price to reach -0.618 where previous 0.618 is.

Plan A
Plan B

Plan A: tiny bullish impulse at top for better resistance, but MACD shows divergence
Plan B: consolidation is inside bearish ABCs, which it could be bearish at point C for major consolidation, also MACD shows divergence on previous resistances, which gives possible bearish impulse

2618
- double floor at the bottom
- measure impulse
- retracement at 0.618
- TP at -0.27
Double Floor + 0.618 = 2618 technique

## 相关观点

Update?

vldshv
@vldshv, Bat Pattern has been completed, so I gave last update for Oil... When I get another good analysis I'll publish new idea for USDWTI

Hi Daniel!
What is your view on USDWTI till end of March/April?
Thanks!

vldshv
@vldshv, I follow structure, dont know what it will do around March/April

Hi, DanielParra99, good TA charting with USDWTI. I vae a doubt about your update. Which one is the signal for any of Plans, A or B? Thanks a lot for your time

ArturoAB
@ArturoAB,Hi! Plan A price goes bullish and reaches -0.618, but MACD shows possible bearish impulse, so Plan B would be bearish continuation for more consolidation at bottom area (Bat Pattern second TP). At this point you'll see a lot of movement, when a pattern reaches it's second TP it's more likely to have some consolidation.

Hi, Daniel!
What it Second TP of Bat Pattern?

vldshv
@vldshv, Hello! second TP at 59.95. (First TP has just been reached)

DanielParra99
@DanielParra99, Missed 59.95 for a few pips, I thought it would go down to previous support, but if you see the analysis it reached exactly 0.382 of Bat Pattern

Well done,
Good luck mate.

ZH 简体中文
EN English
EN English (UK)
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 繁體中文
AR العربية
HE עברית