Multiple Triangles present on Oil long on C wave

I would like to see a retrace to C wave and look for it to hold and get a bounce, if trendline is broken at C wave will consider shorting. Similar triangle patterns on weekly chart which also broken down before oil fell over the past few weeks.

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seeing more downside w/ potential bearish cross 3/15 on 3hr chart previous lower time frames have occurred already

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monitoring 4hr for bearish continuation 3/15 cross

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looking to get 3 cracks at $49.50+ profit takers likely at $50.50

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could potentially get the much needed 3hr 18/200 cross over

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multiple moving avg's are also approaching spike level on the Daily chart as well

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cup/handle on 15min chart monitoring for continuation

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watching for a possible "W" breakout pattern on 3hr/4hr

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the 3hr cross over occurred monitoring for continuation onto the 4hr for potential cross over

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4hr chart w/ spike level at the .618% fib level by multiple moving avg's looking for them to hit the target level

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notice the 3 drives pattern on the 4hr chart I have 1/4 position left

Trade chiuso: obiettivo raggiunto:

took profits at $50.34 oil, although I can see prices continuing to possibly $50.93 level profits are in hand, not risking exposure to weekend. Still monitoring for continuation however.

Commento:

watch for continuation for $52.50

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back at C-wave for the 3rd time