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ElliottWaveBelgium

US OIL - Going lower after this correction !

Short
CFD Petrolio WTI (TVC:USOIL)  
ElliottWaveBelgium Aggiornato   
TVC:USOIL   CFD Petrolio WTI
Trend Analysis Wave Analysis Beyond Technical Analysis Oil Crude Oil WTI short Elliott Wave riskreward
9
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trendanalysis waveanalysis beyondta oil usoil short elliottwaves riskreward
Price made a nice Leading Diagonal from ~66.50 to ~60.00

We are now in a correction which might find resistance around 64.00
where we can find the 61.8% retracement level,
the 1.27 projection of wave (a)
and the upper channel line.

If the price goes above the 78.6% retracement level, it's an early sign that a new top might be coming,
therefore invalidation the count.
Commento:
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Commento:
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Commento:
It's going for an impulsive wave up it seems.
snapshot
Commento:
Price came down after 5 waves up.
This chart was shared with my subscribers first
snapshot
Commento:
and now
snapshot
Commento:
Price went even lower.
Currently in a correction, so, expecting more weakness
snapshot
Commento:
Position closed just in time !
snapshot
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