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PA-FX
29. Okt. 2017 16:12

Oil completed an AB=CD harmonic pattern at PRZ (Counter trend! ) Short

Crude Oil (WTI)FXCM

Beschreibung

Oil just completed an AB=CD move at a very important PRZ. WE do have bearish divergence on the RSI already and i am expecting a possible reversal at this level. Look for clear bearish evidence since it is a counter trend trade

Kommentar

Strong rejection and bearish divergence on 1H!

Kommentar

Idea still valid but no good signal yet, Oil inventory tomorrow!

Kommentar

Looking good if this daily candle close like this, then we may get much more down on this trade!

Kommentar

If this last lower high got confirmed then we still looking good here.

Kommentar

Oil broke new highs as oil rigs count continue to decline.
Ida invalidated.

Kommentare
DoubleTop
Looking good. Strong divergence on the Daily too!
PA-FX
@DoubleTop, Yeah!
DoubleTop
@abozahra,

I don´t like the 2 pin bars on the 1H but hopefully it´ll run out of steam.
PA-FX
@DoubleTop, Well no need to be first to the party :)
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