Trading setup for usoil (2016-08-09)

Mis à jour
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!
Note
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.
Transaction en cours
Double top formed.
Note
The double top neckline was broken. Nice progress!
Trade fermée manuellement
Choppy oil~~~
Transaction en cours
Note
Triple top formed!
Note
Nice progress! The triple top neckline was broken!
Note
TP1 was touched! 41.8 was broken. I move the SL to 42.28.
Note
Half of position was closed. The remaining SL moved to 42.17.
Trade fermée: cible de profit atteinte
analysisElliott WaveParallel ChannelsetuptradingCrude Oil WTI

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