USOIL - sell set up on 60 min a reason to sell?

Building a profitable forex account by wave/elliott wave trading is best accomplished by taking the lower time frame (TF) trades in direction of larger targets available on the bigger TF. This sell set up may not go at all but if it breaks and you get the sell, there is a reason to take it. If it goes back up for one more.. watch it again for possible sell set up at the next top/break. In the comment section The larger time frame analysis will show why this may be a good idea. Happy Trading!

Commentaire:

see chart below for bigger picture

Commentaire:

looks like another sell set up forming.. up move looks more corrective still.. sell the break for a retest of this low and maybe lower.. looks like a good idea. Happy trading.