USOIL (WTI) - Long Set-up - Intermediate (C)
USOIL (WTI) has dropped significantly, as per the previous analysis posted, and is about to finalize Minor Wave Y (red), with it, the Intermediate (B) (light blue).
We are looking towards a Long Set-up which could provide a Medium-Term Trade towards 60 Levels.
After Primary B (green) has completed (after an Intermediate Running Flat), Intermediate (A) (light blue) unfolded as an Impulse (5 Waves Structure), followed by its Corrective Intermediate (B), which in turn unfolded as a Complex WXY (red) Structure.
The WXY Structure contains very complicated Combinations (Running Flat, Flat, Contracting Triangle, Irregular), which is revealing the fact that Minor X (red) Zone is to be treated as a Vibration Level, therefore, price is most likely going to be attracted towards it, once the Bearish Impulse for Minor Y (red) is finalized.
Minor Y (red) is expected to end its Bearish move at the 61.8% or 78.6% Fibonacci Retracement of Intermediate (A) (light blue).
At this Levels, the Bounce-Off would most likely be triggered by a Bullish Divergence.
Minor Y (red), Minute C (blue), Minuette C (black) and Sub-Minuette V (golden) are all expected to end simultaneously, therefore, completing the Cycle for Intermediate (B) (light blue).
The Bullish Divergence would be the Key sign for the trading set-up and would most likely be revealed at the previous Vibration Levels which acted as Supports/Resistances (see 47-45 Levels).
Long Entries:
Aggressive - 47.20
SL - 45
Conservative - 45
SL - 42
TP 1 - 55
TP 2 - 60
We are looking towards a Long Set-up which could provide a Medium-Term Trade towards 60 Levels.
After Primary B (green) has completed (after an Intermediate Running Flat), Intermediate (A) (light blue) unfolded as an Impulse (5 Waves Structure), followed by its Corrective Intermediate (B), which in turn unfolded as a Complex WXY (red) Structure.
The WXY Structure contains very complicated Combinations (Running Flat, Flat, Contracting Triangle, Irregular), which is revealing the fact that Minor X (red) Zone is to be treated as a Vibration Level, therefore, price is most likely going to be attracted towards it, once the Bearish Impulse for Minor Y (red) is finalized.
Minor Y (red) is expected to end its Bearish move at the 61.8% or 78.6% Fibonacci Retracement of Intermediate (A) (light blue).
At this Levels, the Bounce-Off would most likely be triggered by a Bullish Divergence.
Minor Y (red), Minute C (blue), Minuette C (black) and Sub-Minuette V (golden) are all expected to end simultaneously, therefore, completing the Cycle for Intermediate (B) (light blue).
The Bullish Divergence would be the Key sign for the trading set-up and would most likely be revealed at the previous Vibration Levels which acted as Supports/Resistances (see 47-45 Levels).
Long Entries:
Aggressive - 47.20
SL - 45
Conservative - 45
SL - 42
TP 1 - 55
TP 2 - 60
Trade fermée: cible de profit atteinte
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.