OIL - One more push lower coming

12 dic 2018

Price seems to finish a Triangle pattern.
We should be in the final wave E, wich can find resistance at the 61.8% to 78.6% retracement.

If this count is correct, we should see a new low being made soon.

This pattern gets negated if price moves above 54.20 !

12 dic 2018

Nota

A Triangle Pattern is composed of 5 moves (ABCDE) and each of those are composed of 3 moves (abc) where those are them self composed of 5 or 3 moves for (a), 3 moves for (b) & 5moves for (c)

12 dic 2018

Nota

I will post my ideas here for easier access
t.me/em16public

13 dic 2018

Nota

Because price did not break clearly the 50.50 level and went up in impulsive fashion, I'm thinking wave E might not be over yet ! It should be around the 61.8 -78.6% retracement zone.

14 dic 2018

Nota

Pending order activated @52.69
Moving SL to break-even.

14 dic 2018

Nota

Price going lower, great for now.
Add to position once price breaks clearly below wave D.
Think about taking some profits near that level.

20 dic 2018

Nota

One more push lower could come.

21 dic 2018

Nota

5 waves look to be in.
Closing position and taking profits.