USOIL. Possible Gartley pattern

6 Eyl 2016

This is a very audaceous setup as we still have point C to be confirmed, there may not be any harmonic pattern at all.

The eventual pattern is located at key support and resistance levels and would also confirm a deep 23.60% retracement of what is considered a bullish Wave 1.

Shorts:

Entry: 47.70
SL: 49
TP: 41.50

Longs
Entry: 41.50
SL: 39
TP1: 44
TP2: 47
TP3: 55.22 (not related to a pattern)

8 Eyl 2016

Not

According to the plan.

Just wanted to strees an important point: EIA reports are not a reason for oil to move up or down. They are important to watch but they are just a trigger for the market to produce important movements. The direction of these movements can be predicted!

9 Eyl 2016

İşlem aktif

Short order activated at 47.70. Moved to breakeven

12 Eyl 2016

Not

Halfway done!

16 Eyl 2016

Not

Almost there

16 Eyl 2016

Not

We may hit the target on Monday. If everything is correct, we will start bouncing on 20th or 21st

25 Eyl 2016

Not

Shorts are welcome from 45-45.50 as it hasn´t reached the original target yet. A 10% movement is not a bad movement to catch, at all!

1 Eki 2016

İşlem kapandı: durdurma seviyesi

Pattern was invalidated