WTI CRUDE OIL - Long Trade Idea - Trend Following With AriasWave
The previous idea was invalidated because we broke the low before we hit the entry.
This time it looks like Wave ii has completed and we are now heading for the highs in an impulsive manner.
Once again the idea is to get into a long position because if this is wave iii then price action won't be coming back to these levels anytime soon once it starts moving higher.
Entry: $84.86
Stop: $79.65
Target: TBA
As always, any breakdown below the Stop level before we hit the Entry automatically invalidates this idea.
Check out the wave analysis video linked in related ideas below.
Remember to use Disciplined Money Management Principles to ensure longevity as a trader.
If you don't know the long term pattern shouldn't you be doing your research instead of just following the crowd?
Just remember: I am not a financial advisor, I suggest using this only as a guide. Always do your own research.
This time it looks like Wave ii has completed and we are now heading for the highs in an impulsive manner.
Once again the idea is to get into a long position because if this is wave iii then price action won't be coming back to these levels anytime soon once it starts moving higher.
Entry: $84.86
Stop: $79.65
Target: TBA
As always, any breakdown below the Stop level before we hit the Entry automatically invalidates this idea.
Check out the wave analysis video linked in related ideas below.
Remember to use Disciplined Money Management Principles to ensure longevity as a trader.
If you don't know the long term pattern shouldn't you be doing your research instead of just following the crowd?
Just remember: I am not a financial advisor, I suggest using this only as a guide. Always do your own research.
