Trading setup for usoil (2016-08-09)

Aktualisiert
USOIL met a big resistance at upper line of the decline channel and was rejected back yesterday. It forms a nice short setup if it breaks down the sharp rising channel.

Good luck for everyone!

No confirmation, no trading!

Notes: if it breaks out of the decline channel, this setup will be invalid!
Anmerkung
It seems that it got supported from the rising channel. This setup might be invalid. I will open long if it breaks out of the decline channel.
Trade ist aktiv
Double top formed.
Anmerkung
The double top neckline was broken. Nice progress!
Trade wurde manuell geschlossen
Choppy oil~~~
Trade ist aktiv
Anmerkung
Triple top formed!
Anmerkung
Nice progress! The triple top neckline was broken!
Anmerkung
TP1 was touched! 41.8 was broken. I move the SL to 42.28.
Anmerkung
Half of position was closed. The remaining SL moved to 42.17.
Trade geschlossen: Ziel wurde erreicht
analysisElliott WaveParallel ChannelsetuptradingCrude Oil WTI

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