Oil bounce from the bottom of the channel

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CFD pada Minyak Mentah WTI (TVC:USOIL)

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TVC:USOIL CFD pada Minyak Mentah WTI

trendanalysis harmonicpatterns chartpattern price action gartleypattern oil support goinup maybenot

Oil is at the bottom of its long termed rising channel. Testing supports. As long as we do not fall through the zone. This is a buy. Stop loss just under the zone and .786 fib. First target about 69. Gives 1:3 risk: reward ratio. Also supporting evidence would be what appears as a bullish Gartley.

Dan

Komentar:

trade stopped out for a small loss, oil fell down from the uptrend channel and broke support zone.. now gonna look for retest of the zone and a short trade

Dan

PS: this is not a financial advice. simply blog of my ideas I would like a feedback from more experienced traders, and to see how I perform over time)

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